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Cascade Autopsy: BTC, 2026-08-28 ($212.5M liquidated)

2026-08-28 · Hunter-Killer · 6

Cascade Autopsy #15: BTC, 2026-08-28

hunterkiller.io · All numbers from our multi-venue tape · Graded, not estimated


Summary

Field Value
Date/Time 2026-08-28 14:01 UTC
Dominant Symbol BTCUSDT
Total Liquidated $212.5M
Duration 5m 0s
Raw Events 2,013 (independent re-read)
Venues binance, bitfinex, bitmex, bybit, gateio, hyperliquid, kraken_fut, okx
Direction predominantly LONG liquidations (79% of events), price fell

Source: trading.db/liquidation_events, independent re-read confirms headline numbers.

Top Symbols by USD Liquidated

Rank Symbol USD Events Share
1 BTCUSDT $204.8M 591 96.4%
2 ETHUSDT $2.3M 262 1.1%
3 XRPUSDT $1.6M 194 0.8%
4 SOLUSDT $1.3M 233 0.6%
5 XAUUSDT $733,799 112 0.3%

Timeline (UTC)

Minute Events USD Top Symbol Venues
14:00 286 $2.9M ETHUSDT binance, bybit, gateio, okx
14:01 77 $1.2M BTCUSDT binance, bybit, gateio, okx
14:02 893 $9.2M BTCUSDT binance, bybit, gateio, hyperliquid, kraken_fut, okx
14:03 39 $76,595 ENAUSDT binance, bybit, gateio, okx
14:04 520 $198.0M BTCUSDT binance, bitfinex, bitmex, bybit, gateio, hyperliquid, okx
14:05 468 $3.9M BTCUSDT binance, bybit, gateio, hyperliquid, okx
14:06 469 $2.9M BTCUSDT binance, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
14:07 134 $1.7M SOLUSDT binance, bybit, gateio, hyperliquid, kraken_fut, okx

What the Magnet Field Showed BEFORE the Cascade

Snapshot: 2026-08-28T13:58:07Z, 3 minutes before cascade start. Anchor price at snapshot: $79,401.60

Model calibration (per-symbol): - precision@N (OOS) = 50.0% (n=348, CI 95% lower bound: 44.8%) | walk-forward window: 720h Calibrated: 2026-08-28T13:59:34Z

What this means: The predictive-liquidation model places levels in the top N ranked zones that matched real liquidation clusters in 50% of OOS evaluation windows (n=348, CI 95% lower bound: 44.8%). This is the measured zone-accuracy, not a forecast of whether a cascade will start.

Level assessment: 12 REACHED / 15 MISSED (both shown; misses are never hidden)

Leverage Side Predicted Price Status Mass (relative)
None× long $78,746.54 REACHED 206612056
None× long $78,389.23 REACHED 159722934
None× long $78,031.92 REACHED 123828285
None× short $80,175.77 REACHED 109189952
None× short $79,937.56 REACHED 104510038
None× long $79,222.95 REACHED 104270123
None× short $79,580.25 REACHED 95358639
50× long $78,607.58 REACHED 61762693
75× long $79,242.80 REACHED 21701062
100× long $79,560.40 REACHED 9264729
100× long $79,242.80 REACHED 8739845
100× short $80,195.62 REACHED 8209827
None× long $77,793.72 MISSED 98454647
25× long $77,019.55 MISSED 94699213
10× long $72,255.46 MISSED 84482166
None× short $80,533.07 MISSED 84393297
25× short $82,736.47 MISSED 80702920
None× long $77,555.51 MISSED 75510056
10× short $87,500.56 MISSED 63556927
50× short $81,148.44 MISSED 54848644
None× short $81,009.48 MISSED 54448705
5× long $64,315.30 MISSED 38170379
None× short $81,485.89 MISSED 25199047
5× short $95,440.72 MISSED 23238783
3× long $53,834.28 MISSED 22091931
75× short $80,513.22 MISSED 19241729
3× short $106,239.34 MISSED 10461067

Caveats: These are predicted liquidation cluster ZONES from our walk-forward calibrated model, not leaked order-book data, not single prices but band estimates. REACHED = actual cascade price range came within 0.5% of the predicted level. MISSED levels are shown at equal weight, both reaches and misses are counted, never cherry-picked. The measured calibration (with n= and 95% CI lower bound) is stated in the Model calibration section above.

Venue Breakdown

Our tape covers multiple venues independently, cross-venue coverage is the moat.

Venues active: binance, bitfinex, bitmex, bybit, gateio, hyperliquid, kraken_fut, okx

(Per-venue USD breakdown available via the live API at /market/cascade_autopsy. The tape covers all venues simultaneously, the cascade was multi-exchange.)

Contagion Propagation

Historical co-fire correlation, NOT causal evidence. Shared macro shocks produce simultaneous liquidations across symbols. Minimum 3 co-fire samples required to appear.

Responder Co-fire n Shock Beta Same-bar Move Next-bar Move
XRPUSDT 5 1.90 -0.06% 0.16%
DOGEUSDT 5 1.89 0.04% -0.14%
SUIUSDT 5 1.78 -0.14% 0.20%
ADAUSDT 5 1.72 -0.29% -0.18%
SOLUSDT 5 1.70 0.28% 0.10%

Interpretation: symbols with shock_beta > 1.0 historically moved MORE than the source symbol during similar cascade events. This is a historical observation (n shown per pair), not a forecast of future co-movement.

Accuracy Metadata

Your Take

Is your bag on this list? BTCUSDT, ETHUSDT, XRPUSDT were the symbols hit hardest in this cascade. Were you watching the long level at $78,746.54? It graded REACHED on our tape. Reply with the symbol and level you had on - reaches and misses both count here, and telling us where the model was wrong makes the next autopsy better.

Share this autopsy: hunterkiller.io/go/liq?c=autopsy-share&r=TG-CHANNEL


Autopsy published directly by the hunterkiller.io automated pipeline. Data: 2,013 events from our multi-venue tape (real captured data, not model-estimated). Accuracy model is walk-forward calibrated with precision@N and OOS score.

marketing_assets/live/autocard-card-autopsy-2026-08-28t1401-btc.png

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