Updated 2026-07-25
Cascade fuel is a plain-language measure of how much force-closable leverage sits within reach of the current price on one side of the book. It combines three things: the size of the exposed positions, how tightly their liquidation prices are packed, and how thin depth is between price and those levels.
Fuel is about magnitude, never direction. A market can sit on a large stack of fuel for days and never reach it. What fuel tells you is the conditional: if price does travel into that band, the move is more likely to accelerate rather than grind, because each forced closure adds pressure in the same direction. Low fuel is equally useful information, because it means a break into that area has little to feed on. Read alongside crowding and funding to see which side is leaning.