ETH liquidation cascade, 15 Oct 2026, 02:19 UTC
At least $128M of ETH positions were liquidated on Binance, Bybit and OKX in 14 minutes, from 02:19 to 02:33 UTC. 99.2% of it was long positions.

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
The liquidation model (liqmap_model_v1, 25–100x) held $360M at the price levels the cascade crossed. $103M printed near them, 29% of what it expected. 33 of the 33 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.