XRP liquidation heatmap · Liquidation cascades · XRP-2026-09-23-1409

XRP liquidation cascade, 23 Sept 2026, 14:09 UTC

At least $5.91M of XRP positions were liquidated on Binance, Bybit and OKX in 7 minutes, from 14:09 to 14:16 UTC. 98.5% of it was long positions.

Liquidated

$5.91M

98.5% longs · $5.82M longs · $87K shorts

Duration

7 min

14:09–14:16 UTC

Largest single liquidation

$318K

long · Binance · 1.51 · 14:13:14 UTC

By exchange

3 venues

Binance $3.19M · Bybit $1.98M · OKX $741K

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): 1.57 → 1.54 (low 1.5, high 1.57). Liquidation orders: 461.Recordedan hour after the event · not edited after

XRP liquidation heatmap for the 24 hours around the cascade of 23 Sept 2026, 14:09 UTC, the cascade shaded

The XRP 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

$6.31M printed near the levels the cascade crossed$49.3M expected

The liquidation model (liqmap_model_v1, 25–100x) held $49.3M at the price levels the cascade crossed. $6.31M printed near them, 13% of what it expected. 42 of the 42 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.

ETH$32.9Min 7 min99.7% longs SOL$9.05Min 8 min99.2% longs

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 XRP liquidation heatmap Liquidations, live All liquidation cascades