Cascade Autopsy #74: BTC, 2026-11-04
hunterkiller.io · All numbers from our multi-venue tape · Graded, not estimated
Summary
| Field | Value |
|---|---|
| Date/Time | 2026-11-04 15:04 UTC |
| Dominant Symbol | BTCUSDT |
| Total Liquidated | $289.2M |
| Duration | 5m 0s |
| Raw Events | 6,662 (independent re-read) |
| Venues | binance, bitfinex, bitget, bybit, deribit, dydx, gateio, hyperliquid, kraken_fut, okx |
| Direction | predominantly SHORT liquidations (96% 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 | $236.0M | 2742 | 81.6% |
| 2 | ETHUSDT | $37.2M | 1543 | 12.9% |
| 3 | SOLUSDT | $5.6M | 499 | 1.9% |
| 4 | ZECUSDT | $2.7M | 426 | 0.9% |
| 5 | BNBUSDT | $1.4M | 77 | 0.5% |
Timeline (UTC)
| Minute | Events | USD | Top Symbol | Venues |
|---|---|---|---|---|
| 15:03 | 330 | $3.6M | ETHUSDT | binance, bitget, bybit, deribit, gateio, hyperliquid, okx |
| 15:04 | 4367 | $141.2M | BTCUSDT | binance, bitget, bybit, deribit, dydx, gateio, hyperliquid, kraken_fut, okx |
| 15:05 | 1578 | $103.5M | BTCUSDT | binance, bitfinex, bitget, bybit, deribit, dydx, gateio, hyperliquid, kraken_fut, okx |
| 15:06 | 306 | $20.0M | BTCUSDT | binance, bitget, bybit, deribit, gateio, hyperliquid, okx |
| 15:07 | 46 | $490,975 | ETHUSDT | binance, bitget, bybit, gateio, hyperliquid, okx |
| 15:08 | 578 | $26.8M | BTCUSDT | binance, bitget, bybit, deribit, gateio, hyperliquid, kraken_fut, okx |
| 15:09 | 170 | $2.2M | BTCUSDT | binance, bitget, bybit, gateio, hyperliquid, okx |
| 15:10 | 92 | $256,978 | 1000PEPEUSDT | binance, bitget, bybit, gateio, hyperliquid, okx |
What the Magnet Field Showed BEFORE the Cascade
Snapshot: 2026-11-04T15:03:08Z, 1 minutes before cascade start. Anchor price at snapshot: $79,474.73
Model calibration (per-symbol): - precision@N (OOS) = 44.8% (n=358, CI 95% lower bound: 39.6%) | walk-forward window: 720h Calibrated: 2026-11-05T22:48:28Z
What this means: The predictive-liquidation model places levels in the top N ranked zones that matched real liquidation clusters in 45% of OOS evaluation windows (n=358, CI 95% lower bound: 39.6%). This is the measured zone-accuracy, not a forecast of whether a cascade will start.
Level assessment: 11 REACHED / 12 MISSED (both shown; misses are never hidden)
| Leverage | Side | Predicted Price | Status | Mass (relative) |
|---|---|---|---|---|
| None× | short | $81,322.52 | REACHED | 321562636 |
| None× | short | $80,845.67 | REACHED | 212368033 |
| None× | long | $79,295.91 | REACHED | 202450246 |
| None× | short | $80,130.40 | REACHED | 179218317 |
| None× | short | $79,534.34 | REACHED | 175253721 |
| None× | short | $79,772.76 | REACHED | 175003647 |
| None× | short | $80,368.82 | REACHED | 140567745 |
| 75× | short | $79,633.68 | REACHED | 60454246 |
| 50× | short | $79,633.68 | REACHED | 36495286 |
| 100× | short | $79,633.68 | REACHED | 24314833 |
| 25× | short | $80,587.38 | REACHED | 5706701 |
| None× | long | $78,103.79 | MISSED | 233244898 |
| None× | long | $78,819.06 | MISSED | 210844639 |
| None× | long | $79,057.49 | MISSED | 187099860 |
| 75× | long | $77,090.49 | MISSED | 167413315 |
| None× | long | $77,865.37 | MISSED | 110880024 |
| 75× | short | $78,362.08 | MISSED | 91324335 |
| 100× | long | $77,408.39 | MISSED | 81562531 |
| 50× | long | $76,454.69 | MISSED | 77067690 |
| None× | long | $77,388.52 | MISSED | 67131757 |
| 100× | short | $78,044.18 | MISSED | 44672632 |
| 50× | short | $78,997.88 | MISSED | 41712406 |
| 25× | long | $75,183.09 | MISSED | 10993235 |
Caveats: These are predicted liquidation cluster ZONES from our 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 calibration figures (with n= and 95% CI lower bound) in the Model calibration section above are measured on past levels from the same model; past hits do not promise future hits.
Venue Breakdown
Our tape covers multiple venues independently: cross-venue coverage is the moat.
Venues active: binance, bitfinex, bitget, bybit, deribit, 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, so 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 |
|---|---|---|---|---|
| ADAUSDT | 9 | 1.45 | -0.23% | 0.05% |
| SUIUSDT | 9 | 1.42 | -0.26% | 0.15% |
| LINKUSDT | 9 | 1.39 | -0.20% | 0.07% |
| ETHUSDT | 9 | 1.35 | -0.11% | 0.12% |
| AVAXUSDT | 9 | 1.24 | -0.22% | 0.07% |
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
- Magnet model: OOS precision@N = 44.8% (n=358, CI 95% lower bound: 39.6%) | walk-forward window: 720h | calibrated: 2026-11-05T22:48:28Z
- Tape: 6,662 raw liquidation events from binance, bitfinex, bitget, bybit, deribit, dydx, gateio, hyperliquid, kraken_fut, okx
- Capture span: ~52 days of rolling multi-venue liq tape
- Independent verify: headline USD/count confirmed by independent DB re-read (PASS)
Your Take
Is your bag on this list? BTCUSDT, ETHUSDT, SOLUSDT were the symbols hit hardest in this cascade. Were you watching the short level at $81,322.52? 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. NEVER auto-published: owner-approved before any post goes live (v1 policy). Data: 6,662 events from our multi-venue tape (real captured data, not model-estimated). Hit rates are measured on past levels from the same model; past hits do not promise future hits.