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.

Liquidated
$128M
99.2% longs · $127M longs · $1.03M shorts
Duration
14 min
02:19–02:33 UTC
Largest single liquidation
$11.8M
long · Binance · 2,334.36 · 02:24:30 UTC
By exchange
3 venues
Binance $99.9M · Bybit $23.9M · OKX $4.03M
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): 2,408 → 2,347.61 (low 2,312, high 2,417.5). Liquidation orders: 1852.Recordedan hour after the event · not edited after
ETH liquidation heatmap for the 24 hours around the cascade of 15 Oct 2026, 02:19 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

$103M printed near the levels the cascade crossed$360M expected

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.