ETH liquidation cascade, 7 Oct 2026, 01:57 UTC

At least $60.6M of ETH positions were liquidated on Binance, Bybit and OKX in 9 minutes, from 01:57 to 02:06 UTC. 99.7% of it was long positions.

Liquidated
$60.6M
99.7% longs · $60.4M longs · $179K shorts
Duration
9 min
01:57–02:06 UTC
Largest single liquidation
$8.37M
long · Binance · 2,615.19 · 02:01:07 UTC
By exchange
3 venues
Binance $43.0M · Bybit $16.2M · OKX $1.43M
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): 2,674.81 → 2,604.04 (low 2,585.2, high 2,674.9). Liquidation orders: 1199.Recordedan hour after the event · not edited after
ETH liquidation heatmap for the 24 hours around the cascade of 7 Oct 2026, 01:57 UTC, the cascade shaded

The ETH 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

$58.1M printed near the levels the cascade crossed$1.34B expected

The liquidation model (liqmap_model_v1, 25–100x) held $1.34B at the price levels the cascade crossed. $58.1M printed near them, 4% of what it expected. 51 of the 51 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.