SanDisk led global liquidations over the past 12 hours as stock contracts spiked on a sharp rebound in U.S., Korean and Japanese equities

Stock-linked contract liquidations jumped after a sharp rebound in U.S., South Korean and Japanese equities, according to a July 31 market update cited by BlockBeats. The move followed a strong recovery from the previous sell-off, with several hard-hit names posting gains of more than 20% from yesterday into this morning. Data from Coinglass showed that SanDisk stock contracts recorded more than $20 million in liquidations over the past 12 hours, putting the name at the top of the global liquidation rankings. The figure was higher than the liquidation totals recorded for both Bitcoin and Ether over the same period. Other names listed near the top of the liquidation board included SK Hynix, Amazon, SPCX and Micron. The report points to a sharp rise in forced position closures in traditional finance markets as equity prices snapped back quickly across the three markets.