Bitcoin led with $181 million in liquidations, and ether was close behind at $178 million despite its much smaller market.

Stock contracts showed up next. Perpetual futures tracking SanDisk, the U.S. memory-chip maker, saw $19.5 million liquidated, just above HYPE’s $19 million and XRP’s $18.78 million. These perpetual futures let traders bet on a stock’s price around the clock on crypto venues, without an expiry date.

Contracts on SK Hynix and Micron, along with SOXL, a triple-leveraged U.S. semiconductor ETF, also appeared on the heatmap, with $7.21 million liquidated on SOXL.

Those losses lined up with the selloff in Seoul. Samsung Electronics and SK Hynix each fell about 8% on worries over AI-related valuations and competition from…