Cascade autopsy: ETH, 2026-11-05 - $121.5M liquidated (n=10,944 tape events)

On 2026-11-05, our multi-venue tape recorded a ETH cascade: $121.5M in forced closes over 9 minutes (n=10,944 raw tape events in our own capture, not the whole market).

The liquidation map snapshot published 4 minutes before the start showed 20 levels; 9 were reached inside the cascade's traded range (n=20 levels, Wilson 95% lower bound 26%). Misses are shown at equal weight in the full autopsy.

The measured record at the time sat below its own validation gate - status only, per our honesty rules (the figure is not republished here).

Full re-verified anatomy (minute-by-minute timeline, before-map, venue breakdown): https://hunterkiller.io/autopsy/2026-11-05T1547-ETH

Descriptive record of a past event - not a forecast and not a trade signal.