ME News report, September 3 (UTC+8): According to TradingBeats monitoring, the storage sector had seen no newly opened million-dollar directional positions held since inception this week. However, ahead of tonight’s U.S. initial jobless claims and tomorrow night’s NFP data window, significant capital movements have emerged today in MU and SNDK. Today, three million-dollar early-address position increases and two new million-dollar positions have been detected. The increases include two long positions on SNDK (0xcd98, 0x519c) and one short position on MU (0x7fda), with sizes ranging from $1 million to $1.3 million. The two new million-dollar positions are as follows: An address starting with 0x469e initiated an 8-hour MU buy TWAP at 10:00 today, with approximately 4,903 contracts executed so far—83.7% complete—at an average fill price of $954.12. The current long position value is approximately $4.659 million, with a floating loss of about $19,300. Another address starting with 0xc3b established a new 2x-leveraged SNDK long position worth approximately $1.33 million at an average entry price of around $1,547, currently with a floating loss of about $9,000. On the order book side, large-scale limit orders have also been pre-positioned. The largest directional order in the entire storage market is currently on SNDK. An address starting with 0x0ad9 holds approximately $10.7 million in SNDK long exposure and placed a sell order for 2,962.7 contracts at $1,608 at 00:36 today, with a notional value of approximately $4.764 million—covering about 42.7% of the current position. The limit price is roughly 4.3% above the current market price. Below MU, capital remains poised to buy. An address starting with 0xf517 previously placed 48 buy orders between $822 and $887.52, totaling approximately $1.152 million. An address starting with 0x12f7 also placed a buy order for approximately $947,000 at $890 on Wednesday, roughly 6.5% below the current price. (Source: BlockBeats)
The storage sector sees over $1 million in new long positions in MU and SNDK.
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Summary
Long-term investing in the storage sector gained momentum this week as two positions exceeding $1 million were established. The address 0x469e opened a $465,900 MU long position with a $1,930 floating loss, while address 0xc3b initiated a $1.33 million SNDK long position as part of a long-term crypto strategy. According to TradingBeats, these are the first million-dollar directional bets in the sector this week.
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