MarketTrace

BTC liquidation cascade, 14 Nov 2026, 20:50 UTC

At least $31.8M of BTC positions were liquidated on Binance, Bybit and OKX in 6 minutes, from 20:50 to 20:56 UTC. 98.6% of it was long positions.

Liquidated
$31.8M
98.6% longs · $31.3M longs · $450K shorts
Duration
6 min
20:50–20:56 UTC
Largest single liquidation
$6.47M
long · Binance · 64,747.8 · 20:51:25 UTC
By exchange
3 venues
Binance $20.3M · Bybit $10.8M · OKX $716K
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): 65,416.9 → 64,941.3 (low 64,372, high 65,419.5). Liquidation orders: 1276.Recordedan hour after the event · not edited after
BTC liquidation heatmap for the 24 hours around the cascade of 14 Nov 2026, 20:50 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

$31.3M printed near the levels the cascade crossed$517M expected

The liquidation model (liqmap_model_v1, 25–100x) held $517M at the price levels the cascade crossed. $31.3M printed near them, 6% of what it expected. 21 of the 21 crossings had liquidations printed near them. How the model and this score work

Same minutes, other assets

Bursts that started within five minutes of this one.

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.