SanDisk bets suffered more forced liquidations than XRP over the past 24 hours, as losses across crypto and chip-stock positions topped $800 million. The comparison shows how leveraged bets on semiconductor shares now sit alongside digital assets on crypto exchanges—and face the same forced closures when markets move against them.
Key takeaways
- SanDisk futures recorded $19.5 million in liquidations, exceeding XRP’s total.
- Bullish positions represented 86% of the day’s forced closures.
- Bitcoin’s rebound above $83,000 shifted the latest losses toward shorts.
According to CoinDesk’s October 13, 2026 report, the liquidations spanned 10 exchanges. About $595 million disappeared in the latest 12-hour window alone, nearly three-quarters of the daily total, while bitcoin dropped to just below $81,000 during early Asian trading.
Liquidations hit crypto and chip-stock bets
Long positions—bets that prices will rise—accounted for $694 million, or 86%, of the 24-hour liquidation total. An exchange liquidates a borrowed position when trading losses consume the collateral backing it.
An earlier snapshot published by The Block on October 12, 2026 put 24-hour liquidations at $771 million, including $685.6 million in longs. The subsequent report placed the total above $800 million, with bullish positions still bearing most of the losses.
SanDisk perpetual futures recorded $19.5 million in forced closures, ahead of HYPE at $19 million and XRP at $18.78 million. The U.S. memory-chip maker’s contracts therefore generated more liquidation losses than either token in that reporting window.
Bitcoin and ether lead, with Binance taking half
Bitcoin had the largest liquidation total at $181 million, followed by ether at $178 million. Both exceeded the losses recorded on individual chip-stock contracts.
Binance accounted for half of all liquidations. It also hosted the largest individual forced closure: a $9.65 million bitcoin long, liquidated at a bitcoin price of about $81,700.
Asian chip losses reach stock futures on crypto exchanges
South Korea’s KOSPI fell more than 6%, while Samsung Electronics and SK Hynix each lost about 8%. Those equity declines coincided with liquidations in semiconductor-linked contracts on crypto venues.
Contracts tracking SK Hynix and Micron appeared on the liquidation heatmap alongside SanDisk. SOXL, a triple-leveraged U.S. semiconductor ETF, recorded $7.21 million in liquidations.
These stock-linked perpetual futures allow round-the-clock bets on share prices through crypto platforms and have no expiration date. The SanDisk comparison illustrates the scale of chip-stock liquidations within a market otherwise led by bitcoin and ether.
Bitcoin’s recovery shifts the losses toward shorts
Short positions accounted for $59 million of $74 million liquidated during the latest four hours as bitcoin recovered above $83,000. That 79% share reversed the long-heavy pattern across the full day.
Oil contracts also showed predominantly short-position liquidations. WTI and Brent crude were among the few contracts with that pattern, as Brent traded near $106 following a three-day rally.
Bitcoin’s rebound followed its earlier drop below $81,000, with bullish positions accounting for 86% of the day’s liquidations ahead of Thursday’s U.S. inflation report.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.