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AI summary of a third-party reportBearishNewsDesk

Chip-stock rout wipes out $803m in crypto liquidations

About $803m in leveraged positions were liquidated across 10 exchanges in 24 hours, 86% of them bullish, as Bitcoin briefly fell below $81,000 and Asian chip stocks slid.

Why it matters: The figures show how much leveraged crypto-market activity now sits on chip stocks, tying digital-asset liquidations to the Asian equity selloff.

InvestIn.News NewsDesk · 1 min read
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Picture from CoinDesk for: Chip-stock rout wipes out $803m in crypto liquidations
Image: CoinDesk
Original reporting: Shaurya Malwa, CoinDesk

Key points

  • CoinGlass data shows $803m liquidated across 10 exchanges, with longs making up $694m, or 86%, and 172,113 traders hit.
  • SanDisk perpetual futures saw $19.1m in liquidations, above HYPE at $19m and XRP at $18.8m.
  • Bitcoin led with $181m in liquidations and ether followed at $178m; Binance accounted for half of all liquidations.

Crypto exchanges liquidated about $803m in leveraged positions over 24 hours as a selloff in Asian chip stocks and a slide in Bitcoin hit traders, CoinDesk reports. Longs, or bets on higher prices, accounted for $694m of the total, or 86%, and 172,113 traders were liquidated, according to CoinGlass.

Most of the damage came in a burst.

Bitcoin led with $181m in liquidations and ether followed at $178m despite its smaller market. SOL bets lost $60m, ZEC $24m and NEAR $22m. Perpetual futures tracking SanDisk, the US memory-chip maker, saw $19.1m liquidated, just above HYPE at $19m and XRP at $18.8m, with contracts on SK Hynix, Micron and the triple-leveraged SOXL also on the heatmap.

Read the full story on CoinDesk

Live updates on NewsFeeds:AltcoinsBitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of CoinDesk’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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