# Liquidation cascade on 2026-08-24

On 2026-08-24 our detector flagged $66.70M 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.

Source: https://bykaranteli.com/incidents/2026-08-24 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-08-24T14:00:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $66.70M |
| Longs (share of total, USD) | 49%, $32.81M |
| Shorts (share of total, USD) | 51%, $33.89M |
| Bursts (30 minute windows over threshold) | 2 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 11:30 to 12:00 | $33.73M | $3.11M | $30.62M | ETHUSDT, BTCUSDT, VELVETUSDT | +0.56% |
| 13:30 to 14:00 | $32.97M | $29.70M | $3.27M | BTCUSDT, ETHUSDT, SNDKUSDT | -0.23% |

## 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 | $21.54M | 32.3 |
| BTCUSDT | $20.45M | 30.7 |
| SNDKUSDT | $4.00M | 6.0 |
| SKHYNIXUSDT | $1.37M | 2.1 |
| SOXLUSDT | $1.27M | 1.9 |
| VELVETUSDT | $1.06M | 1.6 |
| XAUUSDT | $751.7K | 1.1 |
| SOLUSDT | $704.1K | 1.1 |

## 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) |
| --- | ---: |
| 2026-08-24 10:30 | 2474.8 |
| 2026-08-24 10:35 | 2475.52 |
| 2026-08-24 10:40 | 2467.28 |
| 2026-08-24 10:45 | 2468.6 |
| 2026-08-24 10:50 | 2465.21 |
| 2026-08-24 10:55 | 2462.06 |
| 2026-08-24 11:00 | 2461.44 |
| 2026-08-24 11:05 | 2461.71 |
| 2026-08-24 11:10 | 2467.44 |
| 2026-08-24 11:15 | 2466.77 |
| 2026-08-24 11:20 | 2467.76 |
| 2026-08-24 11:25 | 2469.59 |
| 2026-08-24 11:30 | 2471.66 |
| 2026-08-24 11:35 | 2483.59 |
| 2026-08-24 11:40 | 2497.67 |
| 2026-08-24 11:45 | 2499.52 |
| 2026-08-24 11:50 | 2489.78 |
| 2026-08-24 11:55 | 2490.55 |
| 2026-08-24 12:00 | 2488.37 |
| 2026-08-24 12:05 | 2484.31 |
| 2026-08-24 12:10 | 2487.92 |
| 2026-08-24 12:15 | 2484.82 |
| 2026-08-24 12:20 | 2486.58 |
| 2026-08-24 12:25 | 2492.09 |
| 2026-08-24 12:30 | 2495.21 |
| 2026-08-24 12:35 | 2495.78 |
| 2026-08-24 12:40 | 2496.76 |
| 2026-08-24 12:45 | 2498.71 |
| 2026-08-24 12:50 | 2507.11 |
| 2026-08-24 12:55 | 2512.96 |
| 2026-08-24 13:00 | 2508.27 |

## 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/2026-08-23
- Next cascade: /md/incidents/2026-08-25

## Related

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

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