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Cascade record

Liquidation cascade on 2026-11-04

On 2026-11-04 our detector flagged $500.11M 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.

Force-closed
$500.11M
across the day's bursts
Longs
26%
$130.69M
Shorts
74%
$369.42M
Bursts
3
30 minute windows over threshold

Every burst on this day

Window (UTC)TotalLong / shortCoins sweptBTC move
02:30 to 03:30$110.37ML $107.61M · S $2.75MBTCUSDT, ETHUSDT, SOLUSDT-0.74%
14:30 to 15:30$358.48ML $17.88M · S $340.59MBTCUSDT, ETHUSDT, SOLUSDT+2.89%
15:00 to 15:30$31.26ML $5.19M · S $26.07MBTCUSDT, ETHUSDT, SOLUSDT+1.56%

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.

BTCUSDT
$219.40M
ETHUSDT
$169.27M
SOLUSDT
$18.08M
ZECUSDT
$4.83M
XRPUSDT
$3.64M
SNDKUSDT
$3.41M
SPCXUSDT
$2.88M

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.