# Liquidation cascade on 2026-10-15

On 2026-10-15 our detector flagged $403.11M 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/2026-10-15 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-15T14:00:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $403.11M |
| Longs (share of total, USD) | 97%, $389.33M |
| Shorts (share of total, USD) | 3%, $13.78M |
| Bursts (30 minute windows over threshold) | 2 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 02:00 to 02:30 | $350.28M | $341.80M | $8.49M | ETHUSDT, BTCUSDT, SOLUSDT | -1.15% |
| 13:30 to 14:00 | $52.83M | $47.53M | $5.30M | BTCUSDT, ETHUSDT, SNDKUSDT | +0.11% |

## 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 | $149.12M | 37.0 |
| BTCUSDT | $113.77M | 28.2 |
| SOLUSDT | $12.69M | 3.1 |
| DOGEUSDT | $7.21M | 1.8 |
| XRPUSDT | $5.81M | 1.4 |
| SNDKUSDT | $3.08M | 0.8 |
| SPCXUSDT | $2.48M | 0.6 |
| SOXLUSDT | $1.98M | 0.5 |

## 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) |
| --- | ---: |
| 2026-10-15 01:00 | 2426.16 |
| 2026-10-15 01:05 | 2421.47 |
| 2026-10-15 01:10 | 2418.5 |
| 2026-10-15 01:15 | 2414.01 |
| 2026-10-15 01:20 | 2417.26 |
| 2026-10-15 01:25 | 2409.26 |
| 2026-10-15 01:30 | 2415.63 |
| 2026-10-15 01:35 | 2415.51 |
| 2026-10-15 01:40 | 2420.88 |
| 2026-10-15 01:45 | 2419.73 |
| 2026-10-15 01:50 | 2417.76 |
| 2026-10-15 01:55 | 2416.96 |
| 2026-10-15 02:00 | 2409.62 |
| 2026-10-15 02:05 | 2412.37 |
| 2026-10-15 02:10 | 2410.11 |
| 2026-10-15 02:15 | 2406.07 |
| 2026-10-15 02:20 | 2412.44 |
| 2026-10-15 02:25 | 2359.01 |
| 2026-10-15 02:30 | 2342.47 |
| 2026-10-15 02:35 | 2370.94 |
| 2026-10-15 02:40 | 2368.22 |
| 2026-10-15 02:45 | 2372.69 |
| 2026-10-15 02:50 | 2366.32 |
| 2026-10-15 02:55 | 2384.24 |
| 2026-10-15 03:00 | 2375.49 |
| 2026-10-15 03:05 | 2366.63 |
| 2026-10-15 03:10 | 2370.64 |
| 2026-10-15 03:15 | 2369.7 |
| 2026-10-15 03:20 | 2367.28 |
| 2026-10-15 03:25 | 2365 |
| 2026-10-15 03:30 | 2361.19 |

## 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/2026-10-14
- Next cascade: /md/incidents/2026-10-16

## Related

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

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