BTC liquidation heatmap · Liquidation cascades · BTC-2026-11-04-1500
BTC liquidation cascade, 4 Nov 2026, 15:00 UTC
At least $65.7M of BTC positions were liquidated on Binance, Bybit and OKX in 10 minutes, from 15:00 to 15:10 UTC. 0.1% of it was long positions.
Liquidated
$65.7M
99.9% shorts · $57K longs · $65.7M shorts
Duration
10 min
15:00–15:10 UTC
Largest single liquidation
$11.5M
short · Binance · 80,659.5 · 15:04:37 UTC
By exchange
3 venues
Binance $53.7M · Bybit $9.39M · OKX $2.60M
The BTC liquidation heatmap around the cascade, its minutes shaded: expected levels in violet, liquidations that printed in orange (longs) and blue (shorts).
What the model expected at these levels
$65.6M printed near the levels the cascade crossed$1.32B expected
The liquidation model (liqmap_model_v1, 25–100x) held $1.32B at the price levels the cascade crossed. $65.6M printed near them, 5% of what it expected. 26 of the 26 crossings had liquidations printed near them. How the model and this score work
Source
MarketTrace's own liquidation tape from the Binance, Bybit and OKX feeds. An event is drawn from it once it has been over for an hour and is not edited after.