Tokenized SanDisk bets see more liquidations than XRP as Asia chip rout wipes out $800 million
- —$803 million liquidated in 24 hours, 86% ($694 million) were longs, hitting 172,113 traders
- —SanDisk saw $19.09 million in liquidations, above HYPE ($19.04 million) and XRP ($18.78 million)
- —Bitcoin led with $181 million in liquidations, ether followed at $178 million, SOL at $60 million
- —Over the past four hours, $74 million was liquidated, 79% from shorts, as bitcoin recovered above $83,000
Why it matters: Crypto venues are increasingly used for leveraged bets on chip stocks, and the long flush reduces risk heading into Thursday's U.S. inflation report.
Source: CoinDesk