In the past 24 hours, TradFi derivatives contracts (stocks, commodities, and index perpetuals) were liquidated across the entire network to the tune of $53.32 million, with more than 10,000 orders. Longs accounted for 80.3%, and in this pullback, those who added leverage to go long were buried the hardest.

Stocks accounted for the lion’s share, with $41.84 million, or 78.5% of the total. Of that, 87% were long positions. SK Hynix and chip stocks like SanDisk (WD) were among the first hit by the leveraged long books.

The largest single order is on Hyperliquid. The XYZ100 index long was directly liquidated, with a size of 2.02 million USD. SK Hynix also had a $5.1 million long order liquidated on Binance.

The fact that longs make up 80% isn’t a coincidence. Before the deleveraging pullback, most participants were adding positions. The congestion in chip stocks and index futures is higher than the surface numbers suggest.

$SKHYNIX

#TradFi爆仓 #US stock futures contracts

Do you think this long bull liquidation is the bottom or just the beginning?

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