# Liquidation cascade on 2026-08-28

On 2026-08-28 our detector flagged $141.74M 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/2026-08-28 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-08-28T16:30:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $141.74M |
| Longs (share of total, USD) | 94%, $132.83M |
| Shorts (share of total, USD) | 6%, $8.92M |
| Bursts (30 minute windows over threshold) | 2 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 14:00 to 14:30 | $33.46M | $28.29M | $5.17M | BTCUSDT, ETHUSDT, SOLUSDT | -0.37% |
| 16:00 to 16:30 | $108.28M | $104.54M | $3.74M | BTCUSDT, ETHUSDT, XAUUSDT | -0.78% |

## 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 (%) |
| --- | ---: | ---: |
| BTCUSDT | $59.77M | 42.2 |
| ETHUSDT | $41.24M | 29.1 |
| XAUUSDT | $5.86M | 4.1 |
| SOLUSDT | $5.35M | 3.8 |
| XRPUSDT | $4.50M | 3.2 |

## What price did

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

| Minute (UTC) | BTCUSDT close (USD) |
| --- | ---: |
| 2026-08-28 15:00 | 79723.2 |
| 2026-08-28 15:05 | 79420.1 |
| 2026-08-28 15:10 | 79352.3 |
| 2026-08-28 15:15 | 79303.5 |
| 2026-08-28 15:20 | 79420.1 |
| 2026-08-28 15:25 | 79454.9 |
| 2026-08-28 15:30 | 79223 |
| 2026-08-28 15:35 | 79143.7 |
| 2026-08-28 15:40 | 79018 |
| 2026-08-28 15:45 | 78755 |
| 2026-08-28 15:50 | 78715.3 |
| 2026-08-28 15:55 | 78485.1 |
| 2026-08-28 16:00 | 78364.7 |
| 2026-08-28 16:05 | 78106.6 |
| 2026-08-28 16:10 | 78073.3 |
| 2026-08-28 16:15 | 77749.2 |
| 2026-08-28 16:20 | 77664.6 |
| 2026-08-28 16:25 | 77102.9 |
| 2026-08-28 16:30 | 77600 |
| 2026-08-28 16:35 | 77729 |
| 2026-08-28 16:40 | 77874.6 |
| 2026-08-28 16:45 | 77949.9 |
| 2026-08-28 16:50 | 77799.6 |
| 2026-08-28 16:55 | 77827.2 |
| 2026-08-28 17:00 | 77663.2 |
| 2026-08-28 17:05 | 77679.5 |
| 2026-08-28 17:10 | 77787.3 |
| 2026-08-28 17:15 | 77936.4 |
| 2026-08-28 17:20 | 78018.9 |
| 2026-08-28 17:25 | 77860.6 |
| 2026-08-28 17:30 | 77883.2 |

## 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/2026-08-27
- Next cascade: /md/incidents/2026-08-30

## Related

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

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