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⚠️PRECISE SNIPE! "Silver Ironhead Short Army" Opens $2.3M Short on SanDisk at High Price, Scores 9% Gains Overnight, Storage Stock Sector Collapses!
【On-Chain Snipe: Short Army Leader Made a Move! Did He Know About This Storage Crash Early?】
Brothers, watch the chain! Just pulled the data and found a ruthless player—"Silver Ironhead Short Army" at that address (0x61c), dropped a massive $2.3M short position right at dawn on SanDisk (SNDK)!
That's him, entered at an average of $632, liquidation price set at $700, now the price has dropped to $621, this guy already has 9% floating gains! And that's not all—he's also holding a $980K short position on MU (Micron Technology).
Why should you watch him? Because this address became famous from shorting silver before—his sense of smell is better than a dog's. At the US market close this morning, the storage concept sector indeed collapsed across the board, SanDisk leading the decline—he moved first again, and we only saw the news afterward.
What does this mean?
First, the bearish expectations on storage chips haven't played out completely; big money is willing to hold short positions overnight despite high funding rates. Second, this drop may not be from retail investors, but from these types of "smart money" positioning early.
My current assessment is simple:
1️⃣ Storage sector is under pressure in the short term, don't rush to bottom-fish, especially on SNDK which just broke support.
2️⃣ If US markets open weak tonight, there's a possibility of a second wave of selling.
3️⃣ This address's liquidation price of $700 is an important reference point; as long as we don't break above it, the bearish structure remains intact.
This afternoon I'll follow with a small position on a SNDK wave trade short, stop-loss at $702, if the risk-reward is suitable I'll test the waters. For those following—don't get overexcited, exit if it breaks, don't force the structure. $ETH