U.S. stocks AI Flash crash in perpetual contracts for concept stocks triggers approximately 51590000 USD in liquidations
BIBIBI
AT A GLANCE
BlockBeats, citing CoinGlass, said that multiple related perpetual contracts fell sharply within minutes, resulting in combined liquidations of approximately 51596000 USD。
Article
⚡️ U.S. stocks AI A flash crash in perpetual contracts for concept stocks triggered liquidations exceeding 50000000 USD, primarily in long positions
BlockBeats reported that October 18, according to CoinGlass data, today from 05: 22 to 05: 32, perpetual-contract prices for multiple U.S.AI concept-stock instruments fell sharply in a short period, causing related AI stock and semiconductor ETF perpetual contracts to record combined liquidations of approximately 51596000 USD, of which approximately 38062200 USD were long positions and approximately 13533800 USD were short positions. Details are as follows:SOXL approximately 12730100 USD; SanDisk (SNDK) approximately 10845000 USD；SK Hynix (SKHY、SKHYNIX combined) approximately 10715200 USD；SOXS approximately 9072100 USD; Micron (MU) approximately 4404400 USD.
Original link https://m.theblockbeats.info/flash/372394
Key points
01
BlockBeats said that October 18 between Beijing time 05: 22 and 05: 32, perpetual-contract prices for multiple U.S.AI concept-stock instruments fell sharply in a short period.
02
The report, citing CoinGlass data, said that the related AI stock and semiconductor ETF perpetual contracts recorded combined liquidations of approximately 51596000 USD。
03
Of these, liquidations of long positions were approximately 38062200 USD, while liquidations of short positions were approximately 13533800 USD。
04
The liquidation amounts listed in the report include:SOXL approximately 12730100 USD, SanDisk (SNDK) approximately 10845000 USD、SK Hynix (SKHY、SKHYNIX combined) approximately 10715200 USD、SOXS approximately 9072100 USD, Micron (MU) approximately 4404400 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Perpetual contracts are derivatives with no fixed expiry date. When prices fall rapidly, leveraged positions with insufficient margin may be forcibly closed, i.e., liquidated. During the period described in the report, long-position liquidations exceeded short-position liquidations, indicating that a greater amount of long positions was liquidated.
Why it matters to readers
Large concentrated liquidations occurred within a short period, reflecting pronounced price volatility and leveraged-liquidation risks in the related perpetual contracts.
Beginners should distinguish perpetual contracts from the corresponding stocks or ETF itself; the report provides liquidation data for the related perpetual contracts, which is not equivalent to investors' total losses in spot stocks.
Risks and unknowns
The data were provided by CoinGlass as cited by BlockBeats; the original article did not display CoinGlass's underlying data page or verification process.
The original article did not explain the reason for the sharp price decline.
The original article did not specify the trading platforms for these perpetual contracts.
The original article lists only some instruments and does not itemize all components of the combined liquidation amount.
The original article's date does not clearly specify the year.
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Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
