Liquidation cascade on 2026-10-12
On 2026-10-12 our detector flagged $625.90M 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 |
|---|---|---|---|---|
| 21:30 to 01:00 | $342.19M | L $331.18M · S $11.01M | ETHUSDT, BTCUSDT, SOLUSDT | -1.69% |
| 22:30 to 01:00 | $283.71M | L $275.80M · S $7.90M | ETHUSDT, BTCUSDT, SOLUSDT | -1.30% |
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.