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$800M liquidated in crypto chip-stock bets, SanDisk futures top XRP in losses amid Asia chip selloff

Market News
13 Oct 2026, 08:27 WIB
Coindesk
View Source
Bearish
$800M liquidated in crypto chip-stock bets, SanDisk futures top XRP in losses amid Asia chip selloff

About $803 million in leveraged crypto positions were liquidated within 24 hours, with 86% of losses from bullish bets as bitcoin briefly dropped below $81,000. SanDisk perpetual futures saw $19.09 million liquidated, surpassing XRP, highlighting increased leveraged trading on chip stocks in crypto venues. Most liquidations occurred during a sharp selloff linked to a 6% drop in South Korea's KOSPI and bitcoin's dip. The trend reversed as bitcoin recovered above $83,000, with short positions then accounting for most recent liquidations. This shows growing exposure to semiconductor stocks in crypto markets amid regional tech selloffs.

As of Oct 13, 2026 12:41 WIB, Bitcoin trades at Rp1.499.096.231 on Pluang, showing a slight 0.11% decline over the past day, while XRP is down 2.84% at Rp24.542. The article highlights a notable $19.09 million liquidation in SanDisk perpetual futures, exceeding XRP's liquidations amid the chip sector selloff. Despite these losses, Bitcoin's market cap remains robust at Rp30.024,87 trillion, underscoring its continued dominance in crypto markets.

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