US AI concept stock perpetual contracts flash crash triggers over $51.59 million in liquidations, with long positions accounting for nearly 74%

Odaily reports: According to CoinGlass data, between 05:22 and 05:32 Beijing time today, the prices of perpetual contracts related to several US AI concept stocks experienced a brief sharp decline, resulting in total liquidations of approximately $51.596 million across AI stock and semiconductor ETF perpetual contracts. Of this, long position liquidations amounted to approximately $38.0622 million, while short position liquidations totaled approximately $13.5338 million, with longs accounting for about 73.77%.

Breaking it down: the triple-leveraged long semiconductor ETF (SOXL) saw approximately $12.7301 million in liquidations, SanDisk (SNDK) approximately $10.845 million, SK Hynix (SKHY and SKHYNIX combined) approximately $10.7152 million, the triple-leveraged inverse semiconductor ETF (SOXS) approximately $9.0721 million, and Micron (MU) approximately $4.4044 million.