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

BlockBeats message, March 31, according to Hyperinsight monitoring, panic triggered by a Google paper continues to simmer, combined with multiple adverse factors from geopolitical conflicts, putting the semiconductor sector under overall pressure. MU (Micron Technology) closed down 9.9%, and fell further after hours by more than 2.3%; SNDK (SanDisk) closed and after hours together were down more than 9%; NVDA (NVIDIA) also declined by 2.4% during the day, with the entire sector taking a hit.

Against this backdrop, a whale with the largest long exposure—“Continue Capital related address”—who is heavily positioned in the semiconductor sector, NVDA, and MU, had two long positions that were once close to the liquidation line, with the low point only 1.6% away from liquidation; it is currently the address closest to liquidation among whales holding positions of over one million dollars. Total unrealized losses expanded to $2.32 million; it still holds a total long position of $13.1 million in size, with no position closed yet:

5x leveraged NVDA long: size $7.58 million, average entry price $190, unrealized loss $1.13 million (-246%), liquidation price $159.9;

7x leveraged MU long: size $5.52 million, average entry price $390, unrealized loss $1.19 million (-270%), liquidation price $310.