# Liquidation cascade on 2026-10-21

On 2026-10-21 our detector flagged $32.67M 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/2026-10-21 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-21T15:00:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $32.67M |
| Longs (share of total, USD) | 2%, $811.2K |
| Shorts (share of total, USD) | 98%, $31.86M |
| Bursts (30 minute windows over threshold) | 1 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 14:30 to 15:00 | $32.67M | $811.2K | $31.86M | BTCUSDT, ETHUSDT, SOLUSDT | +0.80% |

## 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 | $21.50M | 65.8 |
| ETHUSDT | $5.06M | 15.5 |
| SOLUSDT | $1.50M | 4.6 |
| 1000PEPEUSDT | $919.5K | 2.8 |
| XRPUSDT | $917.6K | 2.8 |

## 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) |
| --- | ---: |
| 2026-10-21 13:30 | 83561.2 |
| 2026-10-21 13:35 | 83295.7 |
| 2026-10-21 13:40 | 83510.8 |
| 2026-10-21 13:45 | 83668.1 |
| 2026-10-21 13:50 | 83830.4 |
| 2026-10-21 13:55 | 83805.4 |
| 2026-10-21 14:00 | 83697.6 |
| 2026-10-21 14:05 | 83588 |
| 2026-10-21 14:10 | 83740.4 |
| 2026-10-21 14:15 | 83850 |
| 2026-10-21 14:20 | 83817.1 |
| 2026-10-21 14:25 | 84019.7 |
| 2026-10-21 14:30 | 83974.7 |
| 2026-10-21 14:35 | 84149.9 |
| 2026-10-21 14:40 | 84078.9 |
| 2026-10-21 14:45 | 84185.1 |
| 2026-10-21 14:50 | 84419.6 |
| 2026-10-21 14:55 | 84589.2 |
| 2026-10-21 15:00 | 84569.5 |
| 2026-10-21 15:05 | 84484.8 |
| 2026-10-21 15:10 | 84737.2 |
| 2026-10-21 15:15 | 84581.5 |
| 2026-10-21 15:20 | 84399.4 |
| 2026-10-21 15:25 | 84599.9 |
| 2026-10-21 15:30 | 84457.9 |
| 2026-10-21 15:35 | 84513.7 |
| 2026-10-21 15:40 | 84599.6 |
| 2026-10-21 15:45 | 84481 |
| 2026-10-21 15:50 | 84391.7 |
| 2026-10-21 15:55 | 84504.5 |
| 2026-10-21 16:00 | 84470 |

## 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/2026-10-20
- Next cascade: /md/incidents/2026-10-22

## Related

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

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