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Cascade Autopsy: BTC, 2026-09-18 ($392.0M liquidated)

2026-09-18 · Hunter-Killer · 6

Cascade Autopsy #34: BTC, 2026-09-18

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


Summary

Field Value
Date/Time 2026-09-18 13:38 UTC
Dominant Symbol BTCUSDT
Total Liquidated $392.0M
Duration 15m 13s
Raw Events 10,067 (independent re-read)
Venues binance, bitfinex, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
Direction predominantly SHORT liquidations (79% of events), price rose

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

Top Symbols by USD Liquidated

Rank Symbol USD Events Share
1 BTCUSDT $327.7M 4455 83.6%
2 ETHUSDT $38.5M 2811 9.8%
3 XRPUSDT $10.9M 329 2.8%
4 SOLUSDT $8.8M 1002 2.3%
5 ZECUSDT $1.2M 189 0.3%

Timeline (UTC)

Minute Events USD Top Symbol Venues
13:37 118 $757,636 SOLUSDT binance, bybit, gateio, hyperliquid, okx
13:38 542 $4.7M BTCUSDT binance, bybit, gateio, hyperliquid, kraken_fut, okx
13:39 1691 $30.7M BTCUSDT binance, bybit, gateio, hyperliquid, kraken_fut, okx
13:40 1288 $48.8M BTCUSDT binance, bitfinex, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
13:41 39 $128,306 ETHUSDT binance, bybit, gateio, okx
13:42 67 $1.0M BTCUSDT binance, bybit, gateio, hyperliquid, okx
13:43 107 $1.2M BTCUSDT binance, bybit, dydx, gateio, hyperliquid, okx
13:44 353 $5.9M BTCUSDT binance, bybit, gateio, hyperliquid, kraken_fut, okx
13:45 208 $7.9M BTCUSDT binance, bybit, gateio, hyperliquid, okx
13:46 1562 $49.1M BTCUSDT binance, bitfinex, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
13:47 851 $12.8M BTCUSDT binance, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
13:48 22 $230,541 BTCUSDT binance, bybit, gateio, okx
13:49 490 $6.2M ETHUSDT binance, bitfinex, bybit, gateio, hyperliquid, kraken_fut, okx
13:50 370 $4.9M BTCUSDT binance, bitfinex, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
13:51 2364 $218.0M BTCUSDT binance, bitfinex, bybit, dydx, gateio, hyperliquid, kraken_fut, okx
13:52 164 $1.2M ETHUSDT binance, bybit, gateio, hyperliquid, okx
13:53 78 $356,441 UNIUSDT binance, bybit, gateio, okx
13:54 97 $347,220 ZECUSDT binance, bybit, gateio, okx

What the Magnet Field Showed BEFORE the Cascade

Snapshot: 2026-09-18T13:33:07Z, 4 minutes before cascade start. Anchor price at snapshot: $78,225.57

Model calibration (per-symbol): - precision@N (OOS) = 50.6% (n=358, CI 95% lower bound: 45.4%) | walk-forward window: 720h Calibrated: 2026-09-18T13:39:41Z

What this means: The predictive-liquidation model places levels in the top N ranked zones that matched real liquidation clusters in 51% of OOS evaluation windows (n=358, CI 95% lower bound: 45.4%). This is the measured zone-accuracy, not a forecast of whether a cascade will start.

Level assessment: 21 REACHED / 7 MISSED (both shown; misses are never hidden)

Leverage Side Predicted Price Status Mass (relative)
None× short $80,044.31 REACHED 262839848
None× long $76,876.18 REACHED 190650425
None× short $79,574.96 REACHED 173586030
None× long $77,580.21 REACHED 172340834
None× long $78,049.56 REACHED 165479399
None× long $77,814.89 REACHED 152932254
None× short $78,870.93 REACHED 146490014
None× short $78,284.24 REACHED 143249420
None× short $78,518.92 REACHED 143045014
25× short $79,946.53 REACHED 120410728
None× short $79,105.61 REACHED 114897692
None× long $76,641.50 REACHED 90631452
50× short $78,382.02 REACHED 81950550
None× long $76,172.15 REACHED 54872360
50× long $75,878.80 REACHED 47850330
75× short $77,756.22 REACHED 28947213
75× short $78,382.02 REACHED 26097328
75× long $76,504.61 REACHED 16672997
100× short $77,443.31 REACHED 12431190
100× short $78,382.02 REACHED 10086052
100× long $76,817.51 REACHED 7110708
10× short $84,327.16 MISSED 94847927
25× long $74,314.29 MISSED 73156640
10× long $69,933.66 MISSED 64856303
5× short $92,149.72 MISSED 34893302
5× long $62,111.10 MISSED 29337894
3× long $51,785.33 MISSED 17581707
3× short $102,475.50 MISSED 15694666

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, bybit, dydx, 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.

No contagion pairs found for BTCUSDT with n ≥ 3 co-fire samples in our correlation engine. This may mean insufficient history for this symbol, or no statistically reliable co-movement observed.

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 short level at $80,044.31? 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: 10,067 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-2026-09-18t1338-btc.png

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