Over $50 million in AI stock futures liquidated amid sudden price decline

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SOXL
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SNDK
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SKHY
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SOXS
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MU
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Over $50 million in perpetual futures linked to U.S. AI stocks were liquidated on October 18 between 05:22 and 05:32 UTC. A sharp price decline triggered the liquidation of over $51.6 million in long positions. Affected assets included SOXL, SanDisk (SNDK), SK Hynix (combined as SKHY and SKHYNIX), SOXS, and Micron (MU).

BlockBeats news: On October 18, according to CoinGlass data, between 05:22 and 05:32 Beijing time, the perpetual contract prices of several U.S. AI-themed stocks experienced a sharp short-term decline, resulting in approximately $51.596 million in total liquidations across related AI stock and semiconductor ETF perpetual contracts, including about $38.0622 million in long positions and about $13.5338 million in short positions. Details are as follows:


SOXL: approximately $12.73 million; SanDisk (SNDK): approximately $10.845 million; SK Hynix (combined SKHY and SKHYNIX): approximately $10.7152 million; SOXS: approximately $9.0721 million; Micron (MU): approximately $4.4044 million.

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