Micron Technology closes up 3.5%, Continue Capital related address MU long position floating profit of $400,000

Gate News reports that on March 11, according to Hyperinsight monitoring, driven by gains in NVIDIA and Micron Technology, Micron Technology (MU) closed up 3.54% at $403. As a result, MU perpetual contracts on a certain blockchain trading platform increased by 4.3% over the past 24 hours, currently at $410.2, a premium of $1.74 over the US stock market close. An address marked as associated with Continue Capital (0x3e3) currently holds approximately $14.6 million in semiconductor sector long positions. Among them, a leveraged long position of $6.2 million on MU with 7x leverage, an average entry price of $383, has an unrealized profit of $400,000, yielding a 26% return. This address is now the largest long position on MU on the chain.

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