U.S. AI concept stocks' perpetual contracts flash crash, causing over $50 million in liquidations of related targets, primarily long positions.

BlockBeats news, October 18 - According to CoinGlass data, from 05:22 to 05:32 Beijing time today, the perpetual contract prices of several US AI concept stocks experienced a brief sharp decline, resulting in a total liquidation of approximately $51.596 million across related AI stocks and semiconductor ETF perpetual contracts. Among these, long positions accounted for about $38.0622 million, and short positions about $13.5338 million. Details are as follows:

SOXL approximately $12.7301 million; SanDisk (SNDK) approximately $10.845 million; SK Hynix (SKHY and SKHYNIX combined) approximately $10.7152 million; SOXS approximately $9.0721 million; Micron (MU) approximately $4.4044 million.