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Week in Liquidations: $3.00B forced-closed across 10 venues (2026-09-14 to 2026-09-21)

2026-09-21 · Hunter-Killer · 4

Window: 2026-09-14 → 2026-09-21 (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 $3.00B in forced closes, n=277,149 events across 10 venues and 76 symbols.

Venue split (our capture)

Venue Liquidated Events
binance $932.9M 71,342
okx $651.2M 85,332
bitfinex $559.3M 747
gateio $417.7M 32,109
bybit $223.9M 46,260
hyperliquid $203.0M 38,001
kraken_fut $4.8M 1,784

Most-liquidated symbols

Symbol Liquidated Events
BTCUSDT $1.37B 51,602
ETHUSDT $897.9M 56,848
ZECUSDT $192.7M 38,539
SOLUSDT $131.1M 18,353
XRPUSDT $104.7M 17,137

Largest single hour

The largest one-hour cluster of forced closes in our capture this week: $343.4M on BTCUSDT in the hour starting 2026-09-18 13:00 UTC (n=5,684 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 59.4% 7,290 [58.3%, 60.6%]
2-5% away 78.3% 6,142 [77.3%, 79.3%]
5%+ away 87.2% 1,659 [85.5%, 88.7%]

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

Cascade autopsy of the week

2026-09-18, BTC: $391.1M liquidated, n=9,977 forced closes. The magnet field we had published before the cascade: 21 of 28 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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