-
Crypto venues recorded over $33 million in liquidations tied to AI chip stocks, with leveraged long positions accounting for most losses.
-
SOXL contracts led with $13.05 million liquidated, followed by SanDisk and Micron.
-
Bitcoin traded near its $80,862 long liquidation-risk level, while Ethereum hovered close to its comparable $2,354 threshold.
Bitcoin (BTC) traded just above a cluster of leveraged long bets on Sunday. Traders who piled into AI chip stocks lost about $33.8 million on crypto exchanges a day earlier. The wipeout hit contracts tied to Micron (MU), SanDisk (SNDK) and SK Hynix (SKHY) one day before the 39th anniversary of the Black Monday crash.
