# Liquidation cascade on 2026-11-04

On 2026-11-04 our detector flagged $500.11M of forced closures across 3 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/2026-11-04 · attribute to ByKaranteli and quote the timestamp.
Snapshot taken 2026-11-04T15:30:00.000Z.

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

| Measure | Value |
| --- | ---: |
| Force-closed (USD) | $500.11M |
| Longs (share of total, USD) | 26%, $130.69M |
| Shorts (share of total, USD) | 74%, $369.42M |
| Bursts (30 minute windows over threshold) | 3 |

## Every burst on this day

| Window (UTC) | Total (USD) | Longs (USD) | Shorts (USD) | Coins swept | BTC move (%) |
| --- | ---: | ---: | ---: | --- | ---: |
| 02:30 to 03:30 | $110.37M | $107.61M | $2.75M | BTCUSDT, ETHUSDT, SOLUSDT | -0.74% |
| 14:30 to 15:30 | $358.48M | $17.88M | $340.59M | BTCUSDT, ETHUSDT, SOLUSDT | +2.89% |
| 15:00 to 15:30 | $31.26M | $5.19M | $26.07M | BTCUSDT, ETHUSDT, SOLUSDT | +1.56% |

## 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 | $219.40M | 43.9 |
| ETHUSDT | $169.27M | 33.8 |
| SOLUSDT | $18.08M | 3.6 |
| ZECUSDT | $4.83M | 1.0 |
| XRPUSDT | $3.64M | 0.7 |
| SNDKUSDT | $3.41M | 0.7 |
| SPCXUSDT | $2.88M | 0.6 |

## 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) |
| --- | ---: |
| 2026-11-04 13:30 | 78346.5 |
| 2026-11-04 13:35 | 78332.3 |
| 2026-11-04 13:40 | 78336.6 |
| 2026-11-04 13:45 | 78378.3 |
| 2026-11-04 13:50 | 78337.2 |
| 2026-11-04 13:55 | 78375.1 |
| 2026-11-04 14:00 | 78332.5 |
| 2026-11-04 14:05 | 78295.7 |
| 2026-11-04 14:10 | 78292.5 |
| 2026-11-04 14:15 | 78354.4 |
| 2026-11-04 14:20 | 78360.9 |
| 2026-11-04 14:25 | 78327.1 |
| 2026-11-04 14:30 | 78579.5 |
| 2026-11-04 14:35 | 78539.8 |
| 2026-11-04 14:40 | 78961 |
| 2026-11-04 14:45 | 79265.6 |
| 2026-11-04 14:50 | 79487.6 |
| 2026-11-04 14:55 | 79184.2 |
| 2026-11-04 15:00 | 79439 |
| 2026-11-04 15:05 | 80427.1 |
| 2026-11-04 15:10 | 80653.8 |
| 2026-11-04 15:15 | 80804.5 |
| 2026-11-04 15:20 | 80711.9 |
| 2026-11-04 15:25 | 80372.8 |
| 2026-11-04 15:30 | 80643 |
| 2026-11-04 15:35 | 80594 |
| 2026-11-04 15:40 | 80574.5 |
| 2026-11-04 15:45 | 80376.4 |
| 2026-11-04 15:50 | 80449.8 |
| 2026-11-04 15:55 | 80255.6 |
| 2026-11-04 16:00 | 80474.6 |
| 2026-11-04 16:05 | 80318 |
| 2026-11-04 16:10 | 80577.7 |
| 2026-11-04 16:15 | 80509.3 |
| 2026-11-04 16:20 | 80644.1 |
| 2026-11-04 16:25 | 80499.9 |
| 2026-11-04 16:30 | 80564.2 |

## 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/2026-11-02
- Next cascade: /md/incidents/2026-11-05

## Related

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

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