Cascade Autopsy: ETH — 2026-06-23

2026-06-23T08:14:36Z → 08:24:42Z UTC · generated 2026-07-20T23:09:01Z · artifact 2026-06-23T0814-ETH

What happened

Total liquidated

$60.1M

Raw tape events

3,341

Duration

10m 6s

Venues

binance, bitmex, bybit, kraken_fut, okx

Dominant symbol

ETHUSDT

Direction

mixed: 920 long / 1123 short liquidations

Symbol	Liquidated	Events	Share
ETHUSDT	$27.3M	724	45.3%
BTCUSDT	$14.6M	482	24.2%
SOLUSDT	$2.8M	260	4.6%
ZECUSDT	$2.8M	74	4.6%
HYPEUSDT	$1.6M	96	2.7%

Timeline (UTC, minute by minute)

Minute	Events	Liquidated	Top symbol	Venues
08:13	142	$1.8M	ETHUSDT	binance, bybit, kraken_fut, okx
08:14	349	$4.6M	ETHUSDT	binance, bitmex, bybit, kraken_fut, okx
08:15	680	$11.0M	ETHUSDT	binance, bitmex, bybit, kraken_fut, okx
08:16	131	$1.7M	ETHUSDT	binance, bybit, kraken_fut, okx
08:17	1,090	$25.1M	ETHUSDT	binance, bitmex, bybit, kraken_fut, okx
08:18	25	$488,653	ETHUSDT	binance, bitmex, bybit, okx
08:19	136	$984,768	ETHUSDT	binance, bitmex, bybit, okx
08:20	46	$331,304	BTCUSDT	binance, bybit, okx
08:21	4	$2,415	NVDAUSDT	binance
08:22	12	$23,923	ETHUSDT	binance, bybit, okx
08:23	87	$846,090	ETHUSDT	binance, bitmex, bybit, okx
08:24	1,083	$18.7M	ETHUSDT	binance, bitmex, bybit, kraken_fut, okx
08:25	6	$10,136	BTCUSDT	binance, bybit, okx

Venue breakdown

Venue	Liquidated	Events
binance	$31.7M	947
bybit	$20.4M	1,865
okx	$7.2M	445
bitmex	$464,080	15
kraken_fut	$250,840	69

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.