BlockBeats message, March 31, according to Hyperinsight monitoring, citing that Citi’s DDR5 DRAM spot prices have recently weakened noticeably, Citigroup lowered Micron’s target price by 17%, down from 510 USD to 425 USD, while maintaining a Buy rating and leaving all earnings forecasts unchanged. Micron Technology’s stock price was down 1.5% in pre-market trading. On Hyperliquid, the MU contract’s intraday decline widened to 12.5%, temporarily at 317 USD.
On Hyperliquid, the largest long position for MU, associated with the “Continue Capital” related address, saw its unrealized loss expand to 1.25 million USD, with a return rate of about -320%. The position size is 5.47 million USD, the average entry price is 390 USD, the liquidation price is 310.2 USD, which is 2.2% away from liquidation. It has not stopped loss yet.
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