On the same day, leveraged funds took completely opposite positions in two markets, and then both sides were squeezed out.

On the U.S. stocks side, within 24 hours there were $71.89 million in liquidations, of which $56.47 million came from short positions, accounting for 78.6%. Just one company—SanDisk $SNDK —accounted for $31.33 million, with the short portion at $27.97 million, or 89.3%; 3,307 orders came through, averaging less than $10,000 per order—at the retail level, a dense, panic-like stampede. SK Hynix $7.71 million, Micron $MU $3.00 million, and CRWV $3.04 million; the short ratio for all of them is above seventy percent. This whole line of storage chips was collectively squeezed short—not an isolated move by just one stock.

Encrypt this side in reverse. In 24 hours, $145 million was liquidated, with long positions liquidated at $99.84 million, accounting for 68.8%. A total of 56,415 trades. $BTC In the past 90 days, it’s still down 18.7%; the Fear & Greed Index is stuck at 29, and the altseason index is 70. People shorting US stocks are conceding, and people long crypto are also conceding.

The crypto momentum has changed in the last 1 hour: among the 1.47 million liquidations, shorts reversed and now account for 54.5%. Of Hyperliquid’s 90k, 86k is shorts—the flow on-chain moved first to do so, and the selling pressure that was hitting the market is starting to run out of steam.

Both sides made opposite decisions at the same time, and in hindsight, they were right about half and wrong about half. Do you think the next move is crypto catching up in a rally to follow the US stock market, or the US stocks turning back to cover this wave of losses?

#TradFi #爆仓数据 #半导体 #short squeeze

Check in real time: https://www.coinboss.com/tradfi-liquidations