Google compression technology paper continues to generate buzz, with on-chain whale profits from accurately shorting storage stocks expanding to $250,000.

MarsBitNews · 2026-03-27T05:38:42+00:00

Google compression technology paper triggers market fluctuations, with storage concept stocks continuing to decline; MU and SNDK both experience significant drops. Short-selling whales profited substantially before the release, currently holding short positions worth approximately $2.98 million.

MarsBitNews

2026-03-27 05:38:42

Abstract generation in progress

According to Mars Finance, on March 27, the ongoing impact of Google’s compression technology paper continues, and the downturn in storage concept stocks persists. MU (Micron Technology) has fallen for six consecutive trading days, closing down 6.97% today, with a total drop of nearly 25%; SNDK (SanDisk) closed down 11.02% today, with an intraday low that briefly fell below $600. Additionally, according to monitoring by Hyperinsight, the whale (0x61c) that shorted before the release of Google’s related paper on the 25th has seen unrealized gains expand to $250,000, with a return rate of 30%. Currently, it holds a total short position of approximately $2.98 million in MU and SNDK, with average prices of $389.2 and $673.8 respectively, and has not yet taken profits.

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