# Liquidation cascade on 2026-08-22

On 2026-08-22 our detector flagged $382.35M 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.

Source: https://bykaranteli.com/incidents/2026-08-22 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-08-22T10:30:00.000Z.

This page documents what was liquidated, not why the move started. A cascade is the amplifier, rarely the trigger.

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $382.35M |
| Longs (share of total, USD) | 82%, $312.34M |
| Shorts (share of total, USD) | 18%, $70.00M |
| Bursts (30 minute windows over threshold) | 3 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 04:30 to 05:30 | $300.81M | $245.74M | $55.06M | ETHUSDT, XRPUSDT, SOLUSDT | -1.95% |
| 05:00 to 05:30 | $50.04M | $37.88M | $12.16M | XRPUSDT, ETHUSDT, BTCUSDT | -1.79% |
| 10:00 to 10:30 | $31.50M | $28.72M | $2.78M | BTCUSDT, ETHUSDT, XRPUSDT | -0.18% |

## 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.

| Symbol | Force-closed (USD) | Share of the day (%) |
| --- | ---: | ---: |
| ETHUSDT | $76.97M | 20.1 |
| XRPUSDT | $58.24M | 15.2 |
| BTCUSDT | $42.76M | 11.2 |
| SOLUSDT | $40.06M | 10.5 |
| DOGEUSDT | $16.38M | 4.3 |
| TRUMPUSDT | $4.41M | 1.2 |

## What price did

ETHUSDT minute closes around the day's largest burst, one hour either side. Every 5th minute below.

| Minute (UTC) | ETHUSDT close (USD) |
| --- | ---: |
| 2026-08-22 03:30 | 2521.17 |
| 2026-08-22 03:35 | 2518.35 |
| 2026-08-22 03:40 | 2518.08 |
| 2026-08-22 03:45 | 2516.3 |
| 2026-08-22 03:50 | 2520.7 |
| 2026-08-22 03:55 | 2518.29 |
| 2026-08-22 04:00 | 2517.39 |
| 2026-08-22 04:05 | 2517.3 |
| 2026-08-22 04:10 | 2519.08 |
| 2026-08-22 04:15 | 2515.62 |
| 2026-08-22 04:20 | 2512.32 |
| 2026-08-22 04:25 | 2512.53 |
| 2026-08-22 04:30 | 2514.78 |
| 2026-08-22 04:35 | 2521.76 |
| 2026-08-22 04:40 | 2523.87 |
| 2026-08-22 04:45 | 2523.1 |
| 2026-08-22 04:50 | 2517.07 |
| 2026-08-22 04:55 | 2518.49 |
| 2026-08-22 05:00 | 2517.26 |
| 2026-08-22 05:05 | 2516.43 |
| 2026-08-22 05:10 | 2390.63 |
| 2026-08-22 05:15 | 2447.23 |
| 2026-08-22 05:20 | 2441.76 |
| 2026-08-22 05:25 | 2438.59 |
| 2026-08-22 05:30 | 2428.78 |
| 2026-08-22 05:35 | 2446.68 |
| 2026-08-22 05:40 | 2431.05 |
| 2026-08-22 05:45 | 2430.2 |
| 2026-08-22 05:50 | 2440.69 |
| 2026-08-22 05:55 | 2438 |
| 2026-08-22 06:00 | 2442.66 |
| 2026-08-22 06:05 | 2432.12 |
| 2026-08-22 06:10 | 2429.86 |
| 2026-08-22 06:15 | 2430.29 |
| 2026-08-22 06:20 | 2430.69 |
| 2026-08-22 06:25 | 2434.64 |
| 2026-08-22 06:30 | 2428.98 |

## 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.

## Other cascade days

- Previous cascade: /md/incidents/2026-08-21
- Next cascade: /md/incidents/2026-08-23

## Related

- https://bykaranteli.com/incidents
- https://bykaranteli.com/liquidations
- https://bykaranteli.com/liqmap

Everything in one fetch: https://bykaranteli.com/llms-full.txt