# Liquidation cascade on 2026-10-11

On 2026-10-11 our detector flagged $42.67M of forced closures across 1 detected burst. Everything below is read from the real liquidation feed, not estimated: these are closures the exchanges actually broadcast.

Source: https://bykaranteli.com/incidents/2026-10-11 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-11T16:00:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $42.67M |
| Longs (share of total, USD) | 2%, $726.6K |
| Shorts (share of total, USD) | 98%, $41.95M |
| Bursts (30 minute windows over threshold) | 1 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 15:30 to 16:00 | $42.67M | $726.6K | $41.95M | BTCUSDT, ETHUSDT, NEARUSDT | +0.71% |

## 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 | $14.52M | 34.0 |
| ETHUSDT | $13.21M | 30.9 |
| NEARUSDT | $4.73M | 11.1 |
| SOLUSDT | $2.50M | 5.9 |
| XRPUSDT | $1.74M | 4.1 |

## 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) |
| --- | ---: |
| 2026-10-11 14:30 | 83074.7 |
| 2026-10-11 14:35 | 83115.4 |
| 2026-10-11 14:40 | 83080.6 |
| 2026-10-11 14:45 | 83101.5 |
| 2026-10-11 14:50 | 83124.1 |
| 2026-10-11 14:55 | 83101.6 |
| 2026-10-11 15:00 | 83090.8 |
| 2026-10-11 15:05 | 83110.2 |
| 2026-10-11 15:10 | 83090.8 |
| 2026-10-11 15:15 | 83090.2 |
| 2026-10-11 15:20 | 83110 |
| 2026-10-11 15:25 | 83113.7 |
| 2026-10-11 15:30 | 83116.6 |
| 2026-10-11 15:35 | 83243.3 |
| 2026-10-11 15:40 | 83372.8 |
| 2026-10-11 15:45 | 83398.5 |
| 2026-10-11 15:50 | 83421.7 |
| 2026-10-11 15:55 | 83511.3 |
| 2026-10-11 16:00 | 83768.4 |
| 2026-10-11 16:05 | 83769.9 |
| 2026-10-11 16:10 | 83767.1 |
| 2026-10-11 16:15 | 83813.2 |
| 2026-10-11 16:20 | 83796.1 |
| 2026-10-11 16:25 | 83784.6 |
| 2026-10-11 16:30 | 83882.8 |
| 2026-10-11 16:35 | 83767.9 |
| 2026-10-11 16:40 | 83842.3 |
| 2026-10-11 16:45 | 83880.3 |
| 2026-10-11 16:50 | 83869.2 |
| 2026-10-11 16:55 | 83972.9 |
| 2026-10-11 17:00 | 83768.2 |

## 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/2026-10-08
- Next cascade: /md/incidents/2026-10-12

## Related

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

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