XRP liquidation cascade, 7 Oct 2026, 01:57 UTC

At least $7.34M of XRP positions were liquidated on Binance, Bybit and OKX in 8 minutes, from 01:57 to 02:05 UTC. 98.8% of it was long positions.

Liquidated
$7.34M
98.8% longs · $7.25M longs · $91K shorts
Duration
8 min
01:57–02:05 UTC
Largest single liquidation
$395K
long · Binance · 1.43 · 02:01:23 UTC
By exchange
3 venues
Binance $3.83M · Bybit $2.96M · OKX $551K
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): 1.49 → 1.46 (low 1.43, high 1.49). Liquidation orders: 594.Recordedan hour after the event · not edited after
XRP liquidation heatmap for the 24 hours around the cascade of 7 Oct 2026, 01:57 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

$6.33M printed near the levels the cascade crossed$95.2M expected

The liquidation model (liqmap_model_v1, 25–100x) held $95.2M at the price levels the cascade crossed. $6.33M printed near them, 7% of what it expected. 61 of the 62 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.