The conclusion first: storage-chip stocks were up across the board today, but in these 4 hours, every liquidated position was a short.
DRAM is now 61, up 1.5% in 24 hours; SK Hynix is now 1321, up 2.7%; Micron is up 1.7%; Kioxia is up 3.4%. The numbers match on both Binance and OKX.
Prices are rising, yet short positions were wiped out by $1.26 million in the past 4 hours, accounting for 35% of all TradFi liquidations on the network. One DRAM name accounted for $894,000, SK Hynix for $213,000, all in the same direction, and no one held on.
$BTC
How much longer can this storage-chip rally last? Have the shorts backed down?
View in real time: https://www.coinboss.com/tradfi-liquidations