HUNTER KILLER

Cascade Autopsy: BTC — 2026-06-25

2026-06-25T13:37:54Z → 14:03:01Z UTC · generated 2026-07-20T22:09:01Z · artifact 2026-06-25T1337-BTC

What happened

Total liquidated
$310.0M
Raw tape events
13,026
Duration
25m 7s
Venues
binance, bitmex, bybit, kraken_fut, okx
Dominant symbol
BTCUSDT
Direction
predominantly LONG liquidations (66% of events) — price fell
SymbolLiquidatedEventsShare
BTCUSDT$144.1M3,29746.5%
ETHUSDT$92.1M1,55129.7%
ZECUSDT$24.6M3587.9%
SOLUSDT$7.8M9532.5%
XRPUSDT$6.6M7592.1%

Timeline (UTC, minute by minute)

MinuteEventsLiquidatedTop symbolVenues
13:3610$82,874ZECUSDTbinance, bybit, okx
13:3741$562,650ETHUSDTbinance, bitmex, bybit, okx
13:38278$4.1METHUSDTbinance, bitmex, bybit, kraken_fut, okx
13:39183$1.9MBTCUSDTbinance, bitmex, bybit, okx
13:40472$17.4METHUSDTbinance, bitmex, bybit, kraken_fut, okx
13:41220$1.5MBTCUSDTbinance, bitmex, bybit, okx
13:42471$5.3METHUSDTbinance, bitmex, bybit, kraken_fut, okx
13:43255$1.9METHUSDTbinance, bybit, kraken_fut, okx
13:44317$5.6MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
13:45549$8.5MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
13:46709$7.4MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
13:47217$2.8MHYPEUSDTbinance, bitmex, bybit, okx
13:48970$18.2METHUSDTbinance, bitmex, bybit, okx
13:49144$1.6MZECUSDTbinance, bitmex, bybit, okx
13:5016$86,456MRVLUSDTbinance, bybit, okx
13:51897$24.4MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
13:52216$1.7MXRPUSDTbinance, bybit, kraken_fut, okx
13:531,399$40.5MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
13:54728$16.9MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
13:551,944$39.9MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
13:5648$928,440ZECUSDTbinance, bybit, okx
13:57491$12.2MBTCUSDTbinance, bitmex, bybit, okx
13:58919$58.2METHUSDTbinance, bitmex, bybit, kraken_fut, okx
13:591,186$32.6MBTCUSDTbinance, bitmex, bybit, kraken_fut, okx
14:00163$3.0METHUSDTbinance, bitmex, bybit, okx
14:0155$685,733ETHUSDTbinance, bybit, okx
14:02163$2.5MBTCUSDTbinance, bybit, okx
14:0320$138,319SOXLUSDTbinance, bybit, okx

Venue breakdown

VenueLiquidatedEvents
binance$207.8M4,249
bybit$63.7M6,459
okx$37.5M2,100
bitmex$780,07770
kraken_fut$212,587148
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.