# Liquidation cascade on 2026-10-13

On 2026-10-13 our detector flagged $257.80M 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/2026-10-13 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-13T01:00:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $257.80M |
| Longs (share of total, USD) | 96%, $248.48M |
| Shorts (share of total, USD) | 4%, $9.32M |
| Bursts (30 minute windows over threshold) | 2 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 00:00 to 01:00 | $185.11M | $178.20M | $6.91M | ETHUSDT, BTCUSDT, SOLUSDT | -0.39% |
| 00:30 to 01:00 | $72.69M | $70.28M | $2.41M | SOLUSDT, BTCUSDT, ETHUSDT | +0.08% |

## 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 | $42.23M | 16.4 |
| BTCUSDT | $39.18M | 15.2 |
| SOLUSDT | $32.17M | 12.5 |
| HYPEUSDT | $13.85M | 5.4 |
| XRPUSDT | $4.48M | 1.7 |
| ZECUSDT | $2.54M | 1.0 |

## 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) |
| --- | ---: |
| 2026-10-12 23:00 | 2470.26 |
| 2026-10-12 23:05 | 2453.24 |
| 2026-10-12 23:10 | 2460.83 |
| 2026-10-12 23:15 | 2460.96 |
| 2026-10-12 23:20 | 2464.38 |
| 2026-10-12 23:25 | 2461.06 |
| 2026-10-12 23:30 | 2460.92 |
| 2026-10-12 23:35 | 2453.6 |
| 2026-10-12 23:40 | 2444.07 |
| 2026-10-12 23:45 | 2447.02 |
| 2026-10-12 23:50 | 2445.31 |
| 2026-10-12 23:55 | 2444.46 |
| 2026-10-13 00:00 | 2447.15 |
| 2026-10-13 00:05 | 2435.22 |
| 2026-10-13 00:10 | 2430.33 |
| 2026-10-13 00:15 | 2432.03 |
| 2026-10-13 00:20 | 2423.72 |
| 2026-10-13 00:25 | 2420.82 |
| 2026-10-13 00:30 | 2419.94 |
| 2026-10-13 00:35 | 2431.46 |
| 2026-10-13 00:40 | 2427.95 |
| 2026-10-13 00:45 | 2422.97 |
| 2026-10-13 00:50 | 2415.01 |
| 2026-10-13 00:55 | 2424.02 |
| 2026-10-13 01:00 | 2424 |
| 2026-10-13 01:05 | 2431.15 |
| 2026-10-13 01:10 | 2432.69 |
| 2026-10-13 01:15 | 2435.58 |
| 2026-10-13 01:20 | 2448.96 |
| 2026-10-13 01:25 | 2446.79 |
| 2026-10-13 01:30 | 2451.14 |
| 2026-10-13 01:35 | 2457.21 |
| 2026-10-13 01:40 | 2456.65 |
| 2026-10-13 01:45 | 2459.69 |
| 2026-10-13 01:50 | 2459.01 |
| 2026-10-13 01:55 | 2461.95 |
| 2026-10-13 02:00 | 2463.36 |

## 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/2026-10-12
- Next cascade: /md/incidents/2026-10-14

## Related

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

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