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$803M in crypto leveraged positions liquidated amid semiconductor selloff in Asia

Market News
13 Oct 2026
Tokenpost
View Source
Bearish
$803M in crypto leveraged positions liquidated amid semiconductor selloff in Asia

About $803 million in leveraged cryptocurrency positions were liquidated within 24 hours ending early Oct. 13, driven by a sharp semiconductor selloff in Asia that pressured risk assets. Long positions made up 86% of the liquidations, impacting over 172,000 traders. Bitcoin and Ether saw the largest liquidations at $181 million and $178 million, respectively, while other tokens like Solana and XRP also faced significant losses. The semiconductor market drop, including declines in South Korea's KOSPI and major chipmakers Samsung and SK Hynix, intensified selling pressure on crypto-linked chip contracts, forcing traders to unwind leveraged bets.

While the article highlights $803 million in crypto liquidations, XRP on Pluang is down 2.54% as of Oct 13, 2026 12:51 WIB, contrasting with Bitcoin's slight 0.11% gain at Rp1.499.831.566. Solana shows a larger drop of 3.65%, trading at Rp1.935.943, reflecting varied investor responses across these tokens. XRP's market cap of Rp1.551,19T remains above Solana's Rp1.142,33T despite the sharper recent decline.

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