Micron drops 10%, leading the semiconductor sector. The top long position in this sector, "Continue Capital," with a 13 million position, is nearing liquidation.

MarsBitNews · 2026-03-31T05:03:51+00:00

Influenced by Google's paper and multiple geopolitical conflicts, the semiconductor sector came under pressure, with Micron Technology and SanDisk each dropping nearly 10%. Continue Capital's heavily held long positions suffered significant losses, with unrealized losses reaching $2.32 million, facing near liquidation risk.

MarsBitNews

2026-03-31 05:03:51

Abstract generation in progress

Mars Finance News: On March 31, according to monitoring by Hyperinsight, panic sparked by a Google paper continued to intensify, compounded by multiple negative factors from geopolitical conflicts, putting overall pressure on the semiconductor sector. MU (Micron Technology) closed down 9.9%, and fell further by more than 2.3% after hours; SNDK (SanDisk) fell by more than 9% both in regular trading and after hours; NVDA (Nvidia) also declined by 2.4% during the day, with the entire sector dragged down.

Against this backdrop, the two long positions held by “Continue Capital related address,” the largest whale that is heavily weighted in the semiconductor sector, NVDA, and MU, were once close to the liquidation line—only 1.6% away from liquidation at the low point. Currently, it is the address closest to liquidation among whales holding positions worth over $1 million. Total unrealized losses have expanded to $2.32 million. It is still holding a total long position size of $13.1 million; the positions have not been closed yet: 5x leveraged NVDA long: position size $7.58 million, average entry price $190, unrealized loss $1.13 million (-246%), liquidation price $159.9; 7x leveraged MU long: position size $5.52 million, average entry price $390, unrealized loss $1.19 million (-270%), liquidation price $310.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes