Micron Perpetuals Fell 6.32% in a 10-Minute Oct. 17 Move

Micron-linked perpetual futures fell 6.32% to $818.57 over a 10-minute period on Oct. 17, while $51.6 million in positions were liquidated during the same window. The decline ran from 5:22 p.m. to 5:32 p.m. ET (21:22–21:32 UTC), over the weekend while U.S. stock markets were closed.

Long positions made up $38.1 million of the liquidations, while short positions accounted for $13.5 million. Both figures cover the same 10-minute span as the reported decline.

DeepSeek’s Flash-1017 release was dated Oct. 17. Flash-1017 improved benchmark results, completed tasks faster and produced briefer responses than its predecessor.

In a separate Sept. 10 announcement, V4.1-Flash’s KV cache required 75% less HBM and 87.5% less SSD storage than the prior generation. That announcement came more than a month before the Flash-1017 update.