Chip-stock perpetual futures see $51.6M liquidated in 10 minutes
- —Liquidations hit during the weekend while US equity markets were closed
- —Long positions made up about $38 million of the $51.6 million total
- —SOXL lost $12.7 million; SanDisk and SK Hynix each shed $10.8 million
- —SanDisk and Micron sell orders on Binance spilled into Hyperliquid within seconds
Why it matters: Onchain equity perpetuals trade around the clock, so weekend prices form without a live stock reference, leaving traders exposed to sharp liquidation cascades.
Source: TokenPost
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