Liquidation cascade on 2026-09-23
On 2026-09-23 our detector flagged $118.55M of forced closures across 2 detected bursts. Everything below is read from the real liquidation feed, not estimated: these are closures the exchanges actually broadcast.
This page documents what was liquidated, not why the move started. A cascade is the amplifier, rarely the trigger.
Every burst on this day
| Window (UTC) | Total | Long / short | Coins swept | BTC move |
|---|---|---|---|---|
| 14:00 to 14:30 | $82.88M | L $80.01M · S $2.87M | ETHUSDT, BTCUSDT, XRPUSDT | -2.06% |
| 16:00 to 16:30 | $35.68M | L $31.70M · S $3.98M | BTCUSDT, ETHUSDT, XRPUSDT | +0.33% |
Which coins got swept
Forced-closure notional per symbol, summed across the day's bursts. A coin high on this list had the most leverage sitting where price went.
What price did
ETHUSDT minute closes around the day's largest burst, one hour either side.
How a day gets a page
Our detector reads the real liquidation tape in 30 minute buckets and flags a bucket when its total forced closures exceed the larger of 30 million USD and six times the trailing median bucket, so the bar moves with market conditions. A day gets a page only when at least one bucket cleared that bar. Quiet days have no page, which is why this archive is short and will stay honest as it grows.