---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42984289.md"
description: "JPMorgan: We estimate that the liquidation of leveraged ETFs is approximately 75% complete, while the de-leveraging of equity hedge funds has exceeded 50%."
datetime: "2026-07-28T09:00:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42984289.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42984289.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42984289.md)
author: "[京城Z先生](https://longbridge.com/en/profiles/9198235.md)"
---

# JPMorgan: We estimate that the liquidation of leve…


## Comments (30)

- **你还年轻，三千万不够 · 2026-07-29T16:24:22.000Z**: Bro z, did you cut your losses or not?
- **赵传 · 2026-07-28T15:10:01.000Z**: No charts today?
- **谨记买入不急不急不急 · 2026-07-28T15:04:55.000Z · 👍 1**: Can't play anymore. A bunch of people must be quietly exiting Longbridge. The US stock market is crushing hard. Can't hold on during the rise!
- **徐俊鹏 · 2026-07-28T12:15:32.000Z · 👍 1**: Corning dropped another bombshell
- **Frank · 2026-07-28T11:59:53.000Z**: Bro Z, Corning's earnings report was voted down immediately in the pre-market.
- **原来如此啊 · 2026-07-28T11:56:12.000Z**: Corning is about to hit the lowest valuation of 100 on Z's list. Dare you catch this falling knife? 🤣
- **价值哥的大迷弟 · 2026-07-28T11:33:09.000Z**: Bro Z cleared out of Corning, and then Corning skyrocketed. From making a huge profit to finally cutting losses and running away 😭
- **dardar · 2026-07-28T11:31:06.000Z**: Why deleverage? They shouldn't list leveraged products.
- **Frank · 2026-07-28T10:08:10.000Z**: Held on until profits broke even this year 😭😭😭
- **埋单退纸巾 · 2026-07-28T10:07:16.000Z · 👍 3**: The unwinding of leverage doesn't necessarily mean large capital will flow back in. What is certain is that most people are hoping for a rally after deleveraging, which means there will always be leverage to unwind 🫢
  - **幸运猎手** (2026-07-28T10:29:47.000Z): Even if it's going to rise, it will have to consolidate for a while first
- **一发入魂 · 2026-07-28T09:43:28.000Z**: Actually, we still need to refer to the historical average 🤪
- **梁万三 · 2026-07-28T09:27:35.000Z**: Keep falling for another month🥹
- **跟风注定没好下场 · 2026-07-28T09:22:53.000Z · 👍 9**: I haven't traded on IBKR for a long time. Currently down 20% overall. I can't hold it anymore. I have a feeling it will rise as soon as I sell.
  - **李涵悦李博思的交易员** (2026-07-28T09:32:01.000Z): Sell it.
  - **跟风注定没好下场** (2026-07-28T09:41:05.000Z): 🐒
  - **芋泥暖香柑** (2026-07-28T15:08:40.000Z): 😎
- **Chen17呀 · 2026-07-28T09:14:18.000Z · 👍 2**: Mr. Z, may I ask if there are any moves regarding SanDisk? 😭
- **招财旺宝 · 2026-07-28T09:13:11.000Z · 👍 1**: Koreans won't fall back into poverty, but capital is never satisfied
- **北极冲浪 · 2026-07-28T09:09:45.000Z · 👍 6**: It was clarified a few days ago that there is 75% leverage, but in the last two days, leveraged funds have dropped by another 40%
  - **京城Z先生** (2026-07-28T09:10:35.000Z): The explanation is that while prices are falling, some people are continuing to add positions.
- **Patavix · 2026-07-28T09:07:24.000Z**: This data still has to fall 🥲
- **哥哥 · 2026-07-28T09:07:23.000Z · 👍 5**: It also stated that the focus of this deleveraging round should not be limited to the absolute value of leverage scale, but also on inflow volume. As long as inflows continue, even with large-scale liquidations, the pace of deleveraging will remain slow.
- **飞翔人生 · 2026-07-28T09:05:00.000Z**: Margin call chain reaction
- **提钱退休小up · 2026-07-28T09:03:18.000Z**: Hasn't hit bottom yet?