# Liquidation cascade on 2026-10-28

On 2026-10-28 our detector flagged $33.92M 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/2026-10-28 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-10-28T20:30:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $33.92M |
| Longs (share of total, USD) | 24%, $8.04M |
| Shorts (share of total, USD) | 76%, $25.88M |
| Bursts (30 minute windows over threshold) | 1 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 20:00 to 20:30 | $33.92M | $8.04M | $25.88M | ETHUSDT, BTCUSDT, GOOGLUSDT | -0.46% |

## 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 | $11.01M | 32.4 |
| BTCUSDT | $3.51M | 10.3 |
| GOOGLUSDT | $2.16M | 6.4 |
| 1000PEPEUSDT | $1.91M | 5.6 |
| SOLUSDT | $1.82M | 5.4 |

## 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) |
| --- | ---: |
| 2026-10-28 19:00 | 2353.55 |
| 2026-10-28 19:05 | 2357.86 |
| 2026-10-28 19:10 | 2354.51 |
| 2026-10-28 19:15 | 2357.79 |
| 2026-10-28 19:20 | 2357.46 |
| 2026-10-28 19:25 | 2355.83 |
| 2026-10-28 19:30 | 2358.44 |
| 2026-10-28 19:35 | 2360.86 |
| 2026-10-28 19:40 | 2359.28 |
| 2026-10-28 19:45 | 2363.89 |
| 2026-10-28 19:50 | 2365.21 |
| 2026-10-28 19:55 | 2367.8 |
| 2026-10-28 20:00 | 2378.75 |
| 2026-10-28 20:05 | 2376.1 |
| 2026-10-28 20:10 | 2372.55 |
| 2026-10-28 20:15 | 2363.66 |
| 2026-10-28 20:20 | 2360.28 |
| 2026-10-28 20:25 | 2356.5 |
| 2026-10-28 20:30 | 2350.48 |
| 2026-10-28 20:35 | 2354.4 |
| 2026-10-28 20:40 | 2349.19 |
| 2026-10-28 20:45 | 2352.22 |
| 2026-10-28 20:50 | 2352.97 |
| 2026-10-28 20:55 | 2357.57 |
| 2026-10-28 21:00 | 2360.48 |
| 2026-10-28 21:05 | 2361.39 |
| 2026-10-28 21:10 | 2358.79 |
| 2026-10-28 21:15 | 2361.46 |
| 2026-10-28 21:20 | 2369 |
| 2026-10-28 21:25 | 2363.79 |
| 2026-10-28 21:30 | 2355.98 |

## 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/2026-10-24
- Next cascade: /md/incidents/2026-10-29

## Related

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

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