Binance Liquidates $52 M in Chip‑Stock Futures During Holiday
Current overview (not historical)
Binance liquidated leveraged bets tied to chip‑stock and semiconductor‑fund futures, wiping out about $52 million in roughly ten minutes. The forced liquidations were triggered during the Wall Street holiday, when Binance and Hyperliquid both executed trades that pushed the contracts to margin calls. The losses were largely from long positions in chip‑stock futures, with roughly $38 million coming from bullish bets. The event left the weekend prices of the contracts under the influence of crypto‑trading activity; the impact will be assessed when the U.S. market opens on Monday and the futures prices are compared to the underlying equities. No additional conditions or fees were noted beyond the standard margin requirements for the leveraged contracts.
Written with AI from the reporting · updated 10/18/2026
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- 1Unclassified fact stationOct 18, 00:00recorded Oct 18, 15:26single sourcerevised
Chip-stock bets lost $52 million in 10 minutes
Read original source ↗ CoinDeskReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Binance
- Action：
- liquidated
- Object：
- leveraged bets tied to chip stocks and semiconductor funds
- Occurred (fact side)：
- Oct 18, 00:00
- Published (valid side)：
- Oct 18, 15:13
- First seen (known side)：
- Oct 18, 15:26
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CoinDeskRelated fact: single sourceSource report revised$52 million in leveraged chip bets liquidated in 10 minutes on Saturday
Report first recorded Oct 18, 15:26
Nearly $52 million in leveraged bets tied to chip stocks and semiconductor funds were liquidated in 10 minutes on Saturday, even as Wall Street was closed. The sell-off began on Binance and spread to Hyperliquid within seconds, with traders betting on higher prices accounting for about $38 million of the liquidations. About $51.6 million in positions were force-closed between 21:22 and 21:32 UTC, according to CoinGlass data. SOXL, a fund that triples daily moves in chip shares, suffered the biggest loss at about $12.7 million. SanDisk and SK Hynix contracts followed at about $10.8 million each. The contracts trade around the clock on crypto exchanges, so weekend prices were driven by crypto traders rather than actual share prices, providing a benchmark when U.S. markets reopen Monday.
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