SOL liquidation cascade, 21 Sept 2026, 15:04 UTC

At least $5.17M of SOL positions were liquidated on Binance, Bybit and OKX in 5 minutes, from 15:04 to 15:09 UTC. 0.0% of it was long positions.

Liquidated
$5.17M
100.0% shorts · $1K longs · $5.17M shorts
Duration
5 min
15:04–15:09 UTC
Largest single liquidation
$4.76M
short · Binance · 121.1 · 15:08:36 UTC
By exchange
3 venues
Binance $4.91M · Bybit $113K · OKX $151K
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): 118.67 → 118.87 (low 118.23, high 119.19). Liquidation orders: 60.Recordedan hour after the event · not edited after
SOL liquidation heatmap for the 24 hours around the cascade of 21 Sept 2026, 15:04 UTC, the cascade shaded

The SOL 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

$5.42M printed near the levels the cascade crossed$4.01M expected

The liquidation model (liqmap_model_v1, 25–100x) held $4.01M at the price levels the cascade crossed. $5.42M printed near them, 135% of what it expected. 2 of the 2 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.