Eight of Nine Storage Contracts Fall as Whale Orders Cluster Below MU, SKHX and SNDK

News Editor

2026-09-15 10:27:00

Eight of the nine major storage-sector contracts on Trade.xyz fell over the past 24 hours, with only Kioxia posting a slight gain, according to TradingBeats data cited by BlockBeats on Sept. 15. Even as prices broadly weakened, open interest shifted toward Micron (MU), which captured most of the fresh OI added during the period. MU’s open interest rose about 28.02%, or roughly $43.07 million, accounting for around 89.7% of the positive increase across five contracts that saw position growth. Its notional OI reached about $198 million, lifting its share of total OI across the nine storage contracts from 14.50% to 18.32%. The data also showed positioning becoming more concentrated around MU, with two long accounts adding a combined roughly $19.701 million while two short accounts added about $13.176 million in new short exposure. At the same time, pending top-ranked orders from three closely watched addresses totaled around $37.375 million in buy orders placed below the market in SKHX, SNDK and MU. The largest plan came from address 0xc8b5, which exited its full SKHX long at a loss for about $23.998 million, then returned early today with 100 buy orders between $1,130 and $1,160 to purchase 25,000 SKHX contracts worth about $28.625 million.

Eight of the nine major storage-sector contracts on Trade.xyz moved lower over the past 24 hours, with only Kioxia posting a slight gain, according to TradingBeats data cited by BlockBeats on Sept. 15.

Despite the broad decline in prices, positioning shifted inside the sector. Micron (MU) absorbed most of the newly added open interest, while major storage contracts including SKHX and Sandisk kept seeing position reductions.

Fresh open interest was concentrated in MU

Compared with the previous day, MU open interest increased about 28.02%, equal to roughly $43.07 million. That represented about 89.7% of the positive increase recorded across the five contracts that added positions over the same period.

MU’s notional open interest rose to about $198 million. Its share of total OI across the nine storage contracts climbed from 14.50% to 18.32%.

On positioning, two long accounts added a combined roughly $19.701 million, while two short accounts added about $13.176 million in new short exposure. Long and short traders both increased bets, and the split in market views moved quickly toward MU.

Three watched addresses kept about $37.375 million in buy orders below the market

Pending next-round TOP 1 order plans showed that three key addresses were keeping a combined roughly $37.375 million in buy orders below the market in SKHX, SNDK and MU.

SKHX

The storage-focused smart-money address 0xc8b5 stopped out of its entire SKHX long position last night, with executed value of about $23.998 million. Early today, the same address placed 100 new buy orders between $1,130 and $1,160, planning to buy 25,000 SKHX contracts worth about $28.625 million. The bid prices were still about 7.3% below the current market price.

SNDK

Address 0x0ad9 kept about $5 million in buy orders at $1,475, around 5.5% below the current price. The address currently holds a long position of 3,174.9 SNDK contracts and has also placed a take-profit order at $1,811 that covers the existing position.

MU

Address 0x469e spread about $3.75 million in buy orders across the $600 to $900 range.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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