✉news BusinessCrypto first seen 19 h ago, last 1 h ago, peak #8
AI chip trades hit $34M in liquidations as crypto wobbles
Original: AI Chip Bets Suffer $34M Liquidation Wipeout As Bitcoin, Ethereum Near Danger Zone Ahead Of Black Monday Fears
Around $34 million in leveraged bets tied to AI chip stocks were wiped out in liquidations, while Bitcoin and Ethereum traded near technical levels analysts warn could trigger deeper losses. The turmoil comes as markets grow anxious about a repeat of past crashes, with traders invoking fears of a 'Black Monday' style selloff. Investors are cutting risk across both tech and crypto positions.
Why now: Renewed market jitters about an imminent sharp selloff are pushing traders to unwind leveraged AI and crypto positions.
Rank over time, top of the chart is #1. 18 snapshots from 19 h ago to 1 h ago.
Evidence
- AI Chip Bets Suffer $34M Liquidation Wipeout As Bitcoin, Ethereum Near Danger Zone Ahead Of Black Monday Fears · Yahoo Finance
API: https://socialmediatrends-api.osmike.com/v1/trends/2764055