Crypto and Chip Stock Liquidations Top $800M Across Exchanges
Leveraged bets on semiconductors and digital assets faced over $800 million in forced liquidations over 24 hours.
Leveraged bets on semiconductors and digital assets faced over $800 million in forced liquidations over 24 hours. XRP (XRP) is trading at $1.36. This is an original TLT brief synthesising 2 outlets (The Cryptonomist, CoinDesk), with their figures cross-checked, plus live market data, as of Tue, 13 Oct 2026 12:45:03 UTC.
This development highlights the growing intersection of traditional finance and crypto markets, as semiconductor stocks now face the same leveraged trading risks as digital assets on crypto exchanges. The significant liquidation volume indicates heightened market volatility affecting both sectors.
- Over $800M in leveraged positions liquidated across 10 exchanges in 24 hours.
- 86% of liquidations were bullish bets, indicating market downturn impact.
- Chip stock contracts, including SanDisk, saw major liquidation alongside crypto.
Both The Cryptonomist and CoinDesk report that approximately $800 million in leveraged positions were liquidated across 10 exchanges over the past 24 hours. They agree that 86% of these liquidations were bullish bets, suggesting a significant market downturn affected both crypto and chip stock positions. However, The Cryptonomist specifically highlights SanDisk futures as suffering more forced liquidations than XRP, while CoinDesk emphasizes the broader impact on chip stock contracts without naming specific assets.
Over the past 24 hours, leveraged positions worth about $800 million were forcibly liquidated across 10 crypto exchanges, according to reports from The Cryptonomist and CoinDesk. This significant volume of liquidations underscores the heightened market volatility affecting both digital assets and traditional financial instruments.
The majority of these liquidations, approximately 86%, were bullish bets, indicating that the downturn primarily impacted traders who were betting on market increases. This suggests that the recent market movements caught many traders off guard, leading to widespread forced closures of their positions.
Interestingly, the data shows that chip stock contracts, including those for SanDisk, experienced substantial liquidation alongside crypto assets. This marks a notable convergence of traditional finance and crypto markets, as semiconductor stocks now face the same leveraged trading risks as digital assets on these exchanges.
The Cryptonomist specifically noted that SanDisk futures suffered more forced liquidations than 
XRP during this period. This detail highlights the varying impact across different asset types, with some experiencing more severe consequences than others.
In the current market context, the total crypto market cap stands at $2.87 trillion, with 
Bitcoin down 0.25% over the past 24 hours. The Fear & Greed Index remains in 'Greed' territory at 57, suggesting a moderate level of market confidence despite the significant liquidation activity.
Since this brief published about 4 hours ago, XRP (XRP) has moved from $1.36 to $1.36 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,858.44 (about $1.36), down 2.0% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Crypto and Chip Stock Liquidations Top $800M Across Exchange — questions & answers
What caused the $800M in liquidations?
The liquidations were triggered by market movements that caught traders with leveraged positions off guard, leading to forced closures.
Which assets were most affected by the liquidations?
Bullish bets on both crypto and chip stock contracts, including SanDisk, were the most affected, with 86% of liquidations being bullish.
How does this impact the broader market?
This highlights the growing interconnection between crypto and traditional finance, as both sectors face similar risks from leveraged trading.
How much is 1 XRP worth in naira today?
About ₦1,858.44 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.36. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist, CoinDesk, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.