Liquidation cascade on 2026-11-05
On 2026-11-05 our detector flagged $626.75M 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 |
|---|---|---|---|---|
| 12:30 to 13:00 | $31.99M | L $30.98M · S $1.02M | ETHUSDT, BTCUSDT, SOLUSDT | -0.50% |
| 14:30 to 16:00 | $594.76M | L $561.80M · S $32.96M | BTCUSDT, ETHUSDT, SNDKUSDT | -4.40% |
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.