SOL liquidation heatmap · Liquidation cascades · SOL-2026-09-25-1104

SOL liquidation cascade, 25 Sept 2026, 11:04 UTC

At least $6.34M of SOL positions were liquidated on Binance, Bybit and OKX in 7 minutes, from 11:04 to 11:11 UTC. 0.0% of it was long positions.

Liquidated

$6.34M

100.0% shorts · $0 longs · $6.34M shorts

Duration

7 min

11:04–11:11 UTC

Largest single liquidation

$923K

short · Binance · 123.02 · 11:08:37 UTC

By exchange

3 venues

Binance $4.05M · Bybit $1.44M · OKX $846K

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): 119.42 → 121.57 (low 119.4, high 122.26). Liquidation orders: 386.Recordedan hour after the event · not edited after

SOL liquidation heatmap for the 24 hours around the cascade of 25 Sept 2026, 11:04 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

$6.39M printed near the levels the cascade crossed$135M expected

The liquidation model (liqmap_model_v1, 25–100x) held $135M at the price levels the cascade crossed. $6.39M printed near them, 5% of what it expected. 51 of the 51 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.

Live SOL liquidation heatmap Liquidations, live All liquidation cascades