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Week in Liquidations: $2.38B forced-closed across 10 venues (2026-08-24 to 2026-08-31)

2026-08-31 · Hunter-Killer · 4

Window: 2026-08-24 → 2026-08-31 (UTC). Aggregated from liquidation events captured by Hunter Killer across the venues it ingests. Coverage is what we capture, not the entire market. Descriptive of the stated window; not a forecast.

In that window our tape recorded $2.38B in forced closes, n=240,815 events across 10 venues and 84 symbols.

Venue split (our capture)

Venue Liquidated Events
binance $862.4M 59,400
okx $496.4M 70,943
bitfinex $376.4M 306
gateio $221.7M 25,263
hyperliquid $204.8M 40,925
bybit $203.7M 40,777
kraken_fut $4.6M 1,695

Most-liquidated symbols

Symbol Liquidated Events
BTCUSDT $1.13B 61,936
ETHUSDT $660.3M 43,388
SOLUSDT $162.9M 25,731
XRPUSDT $91.9M 16,720
ZECUSDT $51.5M 14,117

Largest single hour

The largest one-hour cluster of forced closes in our capture this week: $245.2M on BTCUSDT in the hour starting 2026-08-25 02:00 UTC (n=4,018 events). This is the largest observed cluster in what we ingest, not a claim about the whole market.

When price reached levels we published in advance

Conditional on price REACHING a level we published in advance, how often the liquidation cluster was actually there. Not a forecast that price will travel there.

Published-level distance Cluster confirmed n (reached) 95% CI
0-2% away 59.5% 7,501 [58.3%, 60.6%]
2-5% away 77.2% 4,202 [75.9%, 78.5%]
5%+ away 80.5% 778 [77.5%, 83.1%]

(Record window: trailing 7 days of published levels; a band renders only with n≥30 reached levels.)

Cascade autopsy of the week

2026-08-25, BTC: $235.3M liquidated, n=3,601 forced closes. The magnet field we had published before the cascade: 9 of 17 levels reached. Full re-verified anatomy at the link.


Coverage is what Hunter Killer captures across the venues it ingests, not the entire market. This recap is descriptive of the stated window, not a forecast and not a trade signal. The monthly long-form version lives at State of Liquidations; the graded accuracy record, including misses, at /proof; the live delayed map at /liq.

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