# Liquidation cascade on 2026-10-20

On 2026-10-20 our detector flagged $149.85M 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/2026-10-20 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-20T15:30:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $149.85M |
| Longs (share of total, USD) | 44%, $65.31M |
| Shorts (share of total, USD) | 56%, $84.53M |
| Bursts (30 minute windows over threshold) | 2 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 01:00 to 01:30 | $30.76M | $30.54M | $212.1K | BTCUSDT, ETHUSDT, SOLUSDT | -0.30% |
| 14:00 to 15:30 | $119.09M | $34.77M | $84.32M | ETHUSDT, BTCUSDT, SOLUSDT | +0.32% |

## 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 | $55.60M | 37.1 |
| BTCUSDT | $51.22M | 34.2 |
| SOLUSDT | $8.81M | 5.9 |
| ZECUSDT | $4.25M | 2.8 |
| 1000PEPEUSDT | $1.79M | 1.2 |
| XAUUSDT | $1.14M | 0.8 |
| SNDKUSDT | $513.6K | 0.3 |

## 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) |
| --- | ---: |
| 2026-10-20 13:00 | 2393.11 |
| 2026-10-20 13:05 | 2390.87 |
| 2026-10-20 13:10 | 2394.97 |
| 2026-10-20 13:15 | 2392.02 |
| 2026-10-20 13:20 | 2395.04 |
| 2026-10-20 13:25 | 2394.99 |
| 2026-10-20 13:30 | 2391.36 |
| 2026-10-20 13:35 | 2389.64 |
| 2026-10-20 13:40 | 2398.06 |
| 2026-10-20 13:45 | 2400.66 |
| 2026-10-20 13:50 | 2398.6 |
| 2026-10-20 13:55 | 2401.23 |
| 2026-10-20 14:00 | 2411.85 |
| 2026-10-20 14:05 | 2422.66 |
| 2026-10-20 14:10 | 2449.15 |
| 2026-10-20 14:15 | 2461.04 |
| 2026-10-20 14:20 | 2454.82 |
| 2026-10-20 14:25 | 2454.84 |
| 2026-10-20 14:30 | 2460.2 |
| 2026-10-20 14:35 | 2461.41 |
| 2026-10-20 14:40 | 2462.39 |
| 2026-10-20 14:45 | 2462.22 |
| 2026-10-20 14:50 | 2458.46 |
| 2026-10-20 14:55 | 2467.83 |
| 2026-10-20 15:00 | 2467.85 |
| 2026-10-20 15:05 | 2462 |
| 2026-10-20 15:10 | 2461.59 |
| 2026-10-20 15:15 | 2430.83 |
| 2026-10-20 15:20 | 2430.6 |
| 2026-10-20 15:25 | 2432.97 |
| 2026-10-20 15:30 | 2431.6 |
| 2026-10-20 15:35 | 2429.46 |
| 2026-10-20 15:40 | 2438.9 |
| 2026-10-20 15:45 | 2429.85 |
| 2026-10-20 15:50 | 2434.03 |
| 2026-10-20 15:55 | 2440 |
| 2026-10-20 16:00 | 2441.94 |
| 2026-10-20 16:05 | 2439.58 |
| 2026-10-20 16:10 | 2436.2 |
| 2026-10-20 16:15 | 2439.55 |
| 2026-10-20 16:20 | 2432.46 |
| 2026-10-20 16:25 | 2433.76 |
| 2026-10-20 16:30 | 2440 |

## 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/2026-10-18

## Related

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

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