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 — 2026-07-01
2026-07-01T01:08:27Z → 01:13:27Z UTC · generated 2026-07-20T22:09:01Z · artifact 2026-07-01T0108-BTC
What happened
Venues
binance, bitmex, bybit, hyperliquid, kraken_fut, okx
Direction
mixed: 1203 long / 1375 short liquidations
| Symbol | Liquidated | Events | Share |
|---|
| BTCUSDT | $25.1M | 952 | 41.8% |
| ETHUSDT | $15.9M | 212 | 26.5% |
| TAOUSDT | $5.2M | 67 | 8.7% |
| ZECUSDT | $3.8M | 59 | 6.3% |
| HYPEUSDT | $2.8M | 86 | 4.6% |
Timeline (UTC, minute by minute)
| Minute | Events | Liquidated | Top symbol | Venues |
|---|
| 01:07 | 1 | $7 | XLMUSDT | binance |
| 01:08 | 98 | $942,024 | BTCUSDT | binance, bitmex, bybit, okx |
| 01:09 | 44 | $873,504 | HYPEUSDT | binance, bybit, okx |
| 01:10 | 541 | $7.4M | BTCUSDT | binance, bitmex, bybit, hyperliquid, okx |
| 01:11 | 73 | $1.8M | BTCUSDT | binance, bitmex, bybit, hyperliquid, okx |
| 01:12 | 1,146 | $38.7M | BTCUSDT | binance, bitmex, bybit, hyperliquid, kraken_fut, okx |
| 01:13 | 795 | $11.5M | BTCUSDT | binance, bitmex, bybit, hyperliquid, kraken_fut, okx |
| 01:14 | 25 | $466,193 | BTCUSDT | binance, bybit, okx |
Venue breakdown
| Venue | Liquidated | Events |
|---|
| binance | $35.8M | 784 |
| bybit | $14.6M | 1,367 |
| okx | $9.1M | 335 |
| hyperliquid | $339,024 | 32 |
| bitmex | $170,076 | 12 |
| kraken_fut | $75,068 | 48 |
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.