# Liquidation cascade on 2026-11-02

On 2026-11-02 our detector flagged $87.36M 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/2026-11-02 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-11-02T20:00:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $87.36M |
| Longs (share of total, USD) | 98%, $85.22M |
| Shorts (share of total, USD) | 2%, $2.14M |
| Bursts (30 minute windows over threshold) | 2 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 17:30 to 18:00 | $54.10M | $53.26M | $847.0K | ETHUSDT, BTCUSDT, SOLUSDT | +0.03% |
| 19:30 to 20:00 | $33.26M | $31.96M | $1.30M | BTCUSDT, SNDKUSDT, ETHUSDT | +0.01% |

## 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 | $19.24M | 22.0 |
| ETHUSDT | $19.07M | 21.8 |
| SOLUSDT | $7.91M | 9.1 |
| SNDKUSDT | $6.26M | 7.2 |
| SOXLUSDT | $2.95M | 3.4 |
| ZECUSDT | $2.62M | 3.0 |

## 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) |
| --- | ---: |
| 2026-11-02 16:30 | 2267.53 |
| 2026-11-02 16:35 | 2274.75 |
| 2026-11-02 16:40 | 2270.12 |
| 2026-11-02 16:45 | 2272.07 |
| 2026-11-02 16:50 | 2270.25 |
| 2026-11-02 16:55 | 2267.28 |
| 2026-11-02 17:00 | 2271.06 |
| 2026-11-02 17:05 | 2268.49 |
| 2026-11-02 17:10 | 2266.51 |
| 2026-11-02 17:15 | 2268.58 |
| 2026-11-02 17:20 | 2266.77 |
| 2026-11-02 17:25 | 2259.77 |
| 2026-11-02 17:30 | 2255.67 |
| 2026-11-02 17:35 | 2253.4 |
| 2026-11-02 17:40 | 2252.69 |
| 2026-11-02 17:45 | 2247.57 |
| 2026-11-02 17:50 | 2255.28 |
| 2026-11-02 17:55 | 2254.1 |
| 2026-11-02 18:00 | 2256.71 |
| 2026-11-02 18:05 | 2264.26 |
| 2026-11-02 18:10 | 2264.15 |
| 2026-11-02 18:15 | 2257.45 |
| 2026-11-02 18:20 | 2255.42 |
| 2026-11-02 18:25 | 2254.9 |
| 2026-11-02 18:30 | 2252.85 |
| 2026-11-02 18:35 | 2252.2 |
| 2026-11-02 18:40 | 2250.82 |
| 2026-11-02 18:45 | 2251.8 |
| 2026-11-02 18:50 | 2253.3 |
| 2026-11-02 18:55 | 2252.94 |
| 2026-11-02 19:00 | 2253.38 |

## 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/2026-10-30

## Related

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

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