MarketTrace

BTC liquidation cascade, 13 Nov 2026, 03:18 UTC

At least $106M of BTC positions were liquidated on Binance, Bybit and OKX in 38 minutes, from 03:18 to 03:56 UTC. 99.7% of it was long positions.

Liquidated
$106M
99.7% longs · $105M longs · $357K shorts
Duration
38 min
03:18–03:56 UTC
Largest single liquidation
$13.6M
long · Binance · 68,242.28 · 03:23:22 UTC
By exchange
3 venues
Binance $76.1M · Bybit $25.2M · OKX $4.47M
Totals are what the exchanges' feeds printed, so they are a floor: Binance sends at most one liquidation per symbol per second, and OKX publishes a sample. Price (1-minute candles): 69,700.6 → 68,696 (low 68,450, high 69,700.6). Liquidation orders: 2242.Recordedan hour after the event · not edited after
BTC liquidation heatmap for the 24 hours around the cascade of 13 Nov 2026, 03:18 UTC, the cascade shaded

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

$105M printed near the levels the cascade crossed$397M expected

The liquidation model (liqmap_model_v1, 25–100x) held $397M at the price levels the cascade crossed. $105M printed near them, 27% of what it expected. 29 of the 29 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.