U.S. Stock Storage Concept Shares Decline in Pre-Market Trading

On April 2, U.S. stock storage concept shares experienced a decline in pre-market trading. According to BlockBeats On-chain Detection, Micron Technology (MU) fell nearly 4%, while SanDisk (SNDK) dropped over 4.1%. On the Hyperliquid platform, contracts for these stocks were temporarily priced at $353 and $663, respectively. A significant trader known for short-selling, referred to as 'Silver Iron Head Bear,' capitalized on SNDK's brief peak at $707, placing short positions totaling $1.86 million at an average price of $707.4, closely aligning with the peak price. As pre-market prices fell, the trader's position saw a floating profit of $95,000, with a return rate of 24%. The trader has partially closed the position, securing approximately $498,000 in profits. Additionally, the trader opened a short position on MU at its peak price of $376.2, with an initial size of $1.95 million. This position has been fully closed, yielding a profit of around $112,000.