Cascade Autopsy: BTC, 2026-07-28

2026-07-28T01:01:40Z → 01:11:38Z UTC · generated 2026-10-26T00:09:03Z · artifact 2026-07-28T0101-BTC

What happened

Total liquidated

$50.1M

Raw tape events

4,425

Duration

9m 58s

Venues

binance, bitfinex, bitmex, bybit, dydx, gateio, hyperliquid, kraken_fut, okx

Dominant symbol

BTCUSDT

Direction

predominantly LONG liquidations (99% of events), price fell

Symbol	Liquidated	Events	Share
BTCUSDT	$26.2M	1,494	52.2%
ETHUSDT	$9.4M	641	18.8%
SOLUSDT	$5.9M	544	11.8%
HYPEUSDT	$1.5M	90	3.1%
TAOUSDT	$1.1M	157	2.1%

Timeline (UTC, minute by minute)

Minute	Events	Liquidated	Top symbol	Venues
01:00	2	$30	1000PEPEUSDT	binance, bybit
01:01	61	$412,564	BTCUSDT	binance, bybit, gateio, hyperliquid, okx
01:02	6	$5,346	DOGEUSDT	binance, okx
01:03	4	$4,627	NEARUSDT	binance
01:04	51	$526,227	SOLUSDT	binance, bybit, gateio, okx
01:05	881	$8.6M	BTCUSDT	binance, bitfinex, bitmex, bybit, dydx, gateio, hyperliquid, okx
01:06	1,196	$14.1M	BTCUSDT	binance, bitfinex, bitmex, bybit, gateio, hyperliquid, kraken_fut, okx
01:07	1,945	$22.3M	BTCUSDT	binance, bitmex, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
01:08	286	$4.2M	BTCUSDT	binance, bitmex, bybit, gateio, hyperliquid, okx
01:09	46	$251,833	SNDKUSDT	binance, gateio, okx
01:10	1	$34	ONUSDT	binance
01:11	11	$5,876	BTCUSDT	binance, bybit, gateio, okx
01:12	10	$16,008	SOXLUSDT	binance, bybit, okx

Venue breakdown

Venue	Liquidated	Events
binance	$21.3M	674
okx	$8.6M	1,031
hyperliquid	$7.2M	1,347
gateio	$6.5M	466
bybit	$5.9M	880
bitfinex	$235,957	10
bitmex	$160,793	7
dydx	$4,640	7
kraken_fut	$1,726	3

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, since that would be look-ahead.

The measured record, as it stood before this cascade

No calibration record predating this cascade was found.

The map these autopsies came from is live

Every autopsy here is built from liquidation-level snapshots the product published in real time, before the event. The delayed map and the full measured track record are open without an account, every figure with its sample size and a Wilson 95% bound. Real time is Pro: $79/mo, Founding 50 from $39/mo. The free account needs no card.

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