XRP liquidation cascade, 8 Oct 2026, 15:19 UTC
At least $9.38M of XRP positions were liquidated on Binance, Bybit and OKX in 9 minutes, from 15:19 to 15:28 UTC. 99.9% of it was long positions.

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
The liquidation model (liqmap_model_v1, 25–100x) held $11.7M at the price levels the cascade crossed. $10.3M printed near them, 88% of what it expected. 21 of the 21 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.