MarketTrace
XRP liquidation heatmap · Liquidation cascades · XRP-2026-11-08-2151

XRP liquidation cascade, 8 Nov 2026, 21:51 UTC

At least $14.0M of XRP positions were liquidated on Binance, Bybit and OKX in 8 minutes, from 21:51 to 21:59 UTC. 99.9% of it was long positions.

Liquidated
$14.0M
99.9% longs · $14.0M longs · $9K shorts
Duration
8 min
21:51–21:59 UTC
Largest single liquidation
$918K
long · Binance · 1.09 · 21:55:45 UTC
By exchange
3 venues
Binance $7.85M · Bybit $5.87M · OKX $236K
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): 1.14 → 1.11 (low 1.09, high 1.14). Liquidation orders: 1172.Recordedan hour after the event · not edited after
XRP liquidation heatmap for the 24 hours around the cascade of 8 Nov 2026, 21:51 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

$11.1M printed near the levels the cascade crossed$46.1M expected

The liquidation model (liqmap_model_v1, 25–100x) held $46.1M at the price levels the cascade crossed. $11.1M printed near them, 24% of what it expected. 59 of the 60 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.

BTC$131Min 8 min99.5% longsDOGE$6.42Min 8 min100.0% longsETH$219Min 10 min99.1% longsSOL$18.3Min 10 min99.8% 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 heatmapLiquidations, liveAll liquidation cascades