ME News reports that on July 31 (UTC+8), overnight, the U.S., South Korean, and Japanese stock markets surged violently, with several previously plummeting stocks rebounding by over 20%. Against this backdrop, liquidations of stock contracts in the TradFi market surged dramatically. According to Coinglass data, liquidations of SanDisk stock contracts exceeded $20 million in the past 12 hours, surpassing Bitcoin and Ethereum to rank first globally. Additionally, Hynix, Amazon, SPCX, Micron, and others also ranked among the top liquidated stock contracts. (Source: BlockBeats)
Stock contract liquidations surpass crypto as market rallies
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Summary
On July 31 (UTC+8), stock contract liquidations outpaced the crypto market as U.S., South Korean, and Japanese stock markets rebounded sharply. Several stocks surged more than 20%, with SanDisk contracts experiencing over $20 million in liquidations within 12 hours. Hynix, Amazon, SPCX, and Micron also ranked among the top. The crypto market’s Fear & Greed Index remained volatile amid shifting capital flows.
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