Semiconductor Flash Crash Wipes Out $52M in Weekend Crypto Bets

TLDR: Binance sell order at 21:21 UTC triggered liquidations that reached Hyperliquid-linked stock contracts  Bullish positions made up about $38M of the $51.6M liquidated between 21:22 and 21:32 UTC on Saturday  SOXL saw roughly $12.7M in liquidations, while SanDisk and SK Hynix each recorded about $10.8M Semiconductors had logged eight straight losing days, their worst [...]

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