Perpetual futures tracking SanDisk recorded $19.09 million in liquidations, surpassing both HYPE and XRP as an Asian semiconductor rout triggered significant losses on crypto trading venues. Contracts on SK Hynix, Micron, and the triple-leveraged SOXL ETF also appeared on liquidation heatmaps, with SOXL alone accounting for $7.21 million in wiped-out positions. The selloff coincided with Samsung Electronics and SK Hynix each falling approximately 8% in Seoul amid concerns over AI valuations and competition from Chinese memory-chip manufacturers. Bitcoin reclaimed $83,000 as short sellers absorbed the majority of recent losses, with $59 million of the past four hours' $74 million in liquidations coming from short positions. Bullish bets accounted for 86% of the day's total liquidations, effectively clearing long leverage ahead of Thursday’s U.S. inflation report. Meanwhile, oil markets moved inversely, with WTI and Brent crude contracts seeing predominantly short liquidations as Brent held near $106 following a three-day rally.