One CoreWeave earnings report woke up the entire storage sector: $SKHYNIX perpetuals surged 8% in a day, while shorts scrambled to exit overnight.
The numbers: CoreWeave reported Q3 revenue of $3.66 billion, up 168% year over year, with a $132.5 billion backlog and full-year guidance raised to $13–13.3 billion. South Korea’s SK Hynix closed up 5.4% at 1.277 million won (about $957). Binance’s SKHYNIXUSDT is now around 967, with a 24-hour range of 865–974 and volume of about 1.4 billion USDT. Open interest fell from around 435,000 at 6 a.m. Tokyo time to 335,000 (about -23%); funding is 0, and 67.7% of accounts are long. Rising prices alongside falling open interest looks more like short covering than a major influx of new longs.
Those who panic-sold around 870 over the past couple of days after Nvidia’s bearish news can probably only watch it climb back above 960 today.
12–48h outlook (an inference, not a guarantee): If it holds 955–957 (the South Korean closing price) and open interest starts rising again, it could reach 990–1000. A break below 940 would likely bring a retracement to the 915–920 gap. Whether MU and SNDK can sustain their moves when the U.S. market opens tonight is key. Without new longs stepping in, rallies driven by short covering often fade.
Don’t go all-in chasing the rally; reduce leverage by one notch first.
#合约 #币安 #美股 #SKHYNIX #StorageChips
The numbers: CoreWeave reported Q3 revenue of $3.66 billion, up 168% year over year, with a $132.5 billion backlog and full-year guidance raised to $13–13.3 billion. South Korea’s SK Hynix closed up 5.4% at 1.277 million won (about $957). Binance’s SKHYNIXUSDT is now around 967, with a 24-hour range of 865–974 and volume of about 1.4 billion USDT. Open interest fell from around 435,000 at 6 a.m. Tokyo time to 335,000 (about -23%); funding is 0, and 67.7% of accounts are long. Rising prices alongside falling open interest looks more like short covering than a major influx of new longs.
Those who panic-sold around 870 over the past couple of days after Nvidia’s bearish news can probably only watch it climb back above 960 today.
12–48h outlook (an inference, not a guarantee): If it holds 955–957 (the South Korean closing price) and open interest starts rising again, it could reach 990–1000. A break below 940 would likely bring a retracement to the 915–920 gap. Whether MU and SNDK can sustain their moves when the U.S. market opens tonight is key. Without new longs stepping in, rallies driven by short covering often fade.
Don’t go all-in chasing the rally; reduce leverage by one notch first.
#合约 #币安 #美股 #SKHYNIX #StorageChips