Descriptive record — not a forecast. This page records what our liquidation map showed before this cascade (snapshot timestamps shown), what then happened on our multi-venue tape, and the model's measured historical record as it stood before the event. Every accuracy figure carries its sample size and a Wilson 95% lower bound. It does not predict future price moves and does not claim the model forecasts when a cascade will start.
Cascade Autopsy: BTC — 2026-05-28
2026-05-28T03:54:01Z → 04:03:15Z UTC · generated 2026-07-21T02:09:01Z · artifact 2026-05-28T0354-BTC
What happened
Venues
binance, bybit, okx
Direction
mixed: 568 long / 647 short liquidations
| Symbol | Liquidated | Events | Share |
|---|
| BTCUSDT | $52.1M | 1,023 | 51.2% |
| ETHUSDT | $32.7M | 411 | 32.1% |
| SOLUSDT | $4.0M | 434 | 3.9% |
| SUIUSDT | $2.4M | 284 | 2.4% |
| DOGEUSDT | $2.0M | 140 | 1.9% |
Timeline (UTC, minute by minute)
| Minute | Events | Liquidated | Top symbol | Venues |
|---|
| 03:53 | 416 | $8.4M | BTCUSDT | binance, bybit, okx |
| 03:54 | 261 | $4.4M | BTCUSDT | binance, bybit, okx |
| 03:55 | 428 | $7.5M | BTCUSDT | binance, bybit, okx |
| 03:56 | 400 | $9.0M | BTCUSDT | binance, bybit, okx |
| 03:57 | 76 | $933,921 | BTCUSDT | binance, bybit, okx |
| 03:58 | 46 | $126,520 | LINKUSDT | binance, bybit, okx |
| 03:59 | 15 | $52,627 | BTCUSDT | binance, bybit, okx |
| 04:00 | 32 | $72,722 | DOTUSDT | binance, bybit, okx |
| 04:01 | 166 | $786,899 | ADAUSDT | binance, bybit, okx |
| 04:02 | 2,223 | $78.7M | BTCUSDT | binance, bybit, okx |
| 04:03 | 20 | $230,078 | BTCUSDT | binance, bybit, okx |
| 04:04 | 1 | $1,838 | TRXUSDT | binance |
Venue breakdown
| Venue | Liquidated | Events |
|---|
| binance | $72.3M | 938 |
| bybit | $27.9M | 2,333 |
| okx | $1.6M | 396 |
Independent re-read of our own captured tape (verify: PASS). Cross-venue capture is the product moat.
What the map showed BEFORE the cascade
No pre-cascade map snapshot exists for this symbol (level capture not active for it at that time, or outside the retention window). We do not reconstruct or backfill a before-map — that would be look-ahead.
The measured record, as it stood before this cascade
No calibration record predating this cascade was found.