Tokenized SanDisk bets saw more liquidations than XRP as Asia’s chip rout wipes out $800 million
Summary
Crypto exchanges saw $803 million in leveraged positions liquidated over 24 hours, with longs accounting for 86% and 172,113 traders affected. Bitcoin and ether led losses, while SanDisk perpetual futures recorded $19.09 million in liquidations, slightly more than XRP. The sharpest wave coincided with a steep South Korean stock-market drop and bitcoin falling below $81,000. Liquidations later shifted toward shorts as bitcoin recovered above $83,000, ahead of the U.S. inflation report.
