In just the first hour of the U.S. stock market opening, stock and commodity contracts combined for a total liquidation of $13.65 million, with 92% cutting the shorts. In the first three hours before the open, it was only $2.6 million—once the bell rang, leverage immediately started trading hits.
The biggest cut was at SanDisk: 21:46, when Hyperliquid cleared a 1,605-share short for $3.05 million. In the next twenty-odd minutes, Binance and OKX each cut another SanDisk short for $200k–$300k. The liquidation price was pushed from 1866 all the way to 1917— the more shorts were cut, the more they couldn’t catch up to the price.
Evening pre-market knife-fighters or semiconductor long positions that chased longs—after the market open, everything turned into a kill-the-shorts move. The leverage traders chasing the direction got beaten on both ends.
Do you think the shorts still have a chance to turn things around tonight?
$SNDK
View in real time: https://www.coinboss.com/tradfi-liquidations