Liquidation cascade on 2026-10-23
On 2026-10-23 our detector flagged $246.75M of forced closures across 3 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 | $33.99M | L $32.06M · S $1.93M | BTCUSDT, ETHUSDT, XAGUSDT | -0.56% |
| 19:00 to 19:30 | $76.12M | L $27.84M · S $48.27M | IRYSUSDT, BTCUSDT, ETHUSDT | -0.16% |
| 22:30 to 23:00 | $136.64M | L $129.83M · S $6.82M | BTCUSDT, ETHUSDT, ZECUSDT | -0.55% |
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
BTCUSDT 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.