# Liquidation cascade on 2026-10-24

On 2026-10-24 our detector flagged $411.08M 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/2026-10-24 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-24T15:30:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $411.08M |
| Longs (share of total, USD) | 98%, $401.82M |
| Shorts (share of total, USD) | 2%, $9.26M |
| Bursts (30 minute windows over threshold) | 2 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 14:00 to 15:30 | $310.82M | $303.60M | $7.22M | ETHUSDT, BTCUSDT, SOLUSDT | -1.51% |
| 15:00 to 15:30 | $100.26M | $98.21M | $2.04M | ETHUSDT, BTCUSDT, SOLUSDT | -0.90% |

## 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 | $145.84M | 35.5 |
| BTCUSDT | $134.87M | 32.8 |
| SOLUSDT | $17.10M | 4.2 |
| NEARUSDT | $12.18M | 3.0 |
| DOGEUSDT | $8.08M | 2.0 |
| XAUUSDT | $1.63M | 0.4 |
| XRPUSDT | $1.45M | 0.4 |

## 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) |
| --- | ---: |
| 2026-10-24 13:00 | 2369.69 |
| 2026-10-24 13:05 | 2370.18 |
| 2026-10-24 13:10 | 2368.75 |
| 2026-10-24 13:15 | 2367.49 |
| 2026-10-24 13:20 | 2366.21 |
| 2026-10-24 13:25 | 2368.25 |
| 2026-10-24 13:30 | 2367.78 |
| 2026-10-24 13:35 | 2366 |
| 2026-10-24 13:40 | 2364.97 |
| 2026-10-24 13:45 | 2366.4 |
| 2026-10-24 13:50 | 2367.7 |
| 2026-10-24 13:55 | 2367.34 |
| 2026-10-24 14:00 | 2368.08 |
| 2026-10-24 14:05 | 2368.2 |
| 2026-10-24 14:10 | 2366.47 |
| 2026-10-24 14:15 | 2349.62 |
| 2026-10-24 14:20 | 2348.21 |
| 2026-10-24 14:25 | 2338.88 |
| 2026-10-24 14:30 | 2351.47 |
| 2026-10-24 14:35 | 2350.31 |
| 2026-10-24 14:40 | 2343.69 |
| 2026-10-24 14:45 | 2344.48 |
| 2026-10-24 14:50 | 2346.75 |
| 2026-10-24 14:55 | 2343.77 |
| 2026-10-24 15:00 | 2339.41 |
| 2026-10-24 15:05 | 2318.7 |
| 2026-10-24 15:10 | 2318.91 |
| 2026-10-24 15:15 | 2309.51 |
| 2026-10-24 15:20 | 2288.86 |
| 2026-10-24 15:25 | 2290.27 |
| 2026-10-24 15:30 | 2292.35 |
| 2026-10-24 15:35 | 2298.32 |
| 2026-10-24 15:40 | 2291.68 |
| 2026-10-24 15:45 | 2297.85 |
| 2026-10-24 15:50 | 2296.69 |
| 2026-10-24 15:55 | 2299.11 |
| 2026-10-24 16:00 | 2305.44 |
| 2026-10-24 16:05 | 2301.96 |
| 2026-10-24 16:10 | 2307.07 |
| 2026-10-24 16:15 | 2307.66 |
| 2026-10-24 16:20 | 2302.94 |
| 2026-10-24 16:25 | 2297.58 |
| 2026-10-24 16:30 | 2297.05 |

## 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/2026-10-23
- Next cascade: /md/incidents/2026-10-28

## Related

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

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