Open research notebook

Liquidation cascades in crypto

Live: liquidation recorder

Every liquidation order Binance pushes on its USD-M perpetual futures, all symbols, plus open interest for five large coins every minute. Aggregated each hour and published to a public dataset.

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Liquidations, last 24 h—
Longs liquidated—sell orders
Shorts liquidated—buy orders
Largest single—
Recorder coverage, 24 h—
Longs liquidated (USD, up)Shorts liquidated (USD, down)Faded bars: the recorder was connected for less than the full hour

Most liquidated, last 24 h

SymbolOrdersUSDLongs

Open interest, change over 24 h

CoinChange

Binance pushes at most one liquidation per symbol per second, so counts and USD values are lower bounds when liquidations cluster. Research only; nothing here is investment advice.

Studies

Six studies, worked through in order, from what happens in a cascade to a paper-trading forward test. Each must pass its gate before the next step; failures are published too.

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Lab notebook

Dated entries as the work happens, including the bugs caught and the tests that failed.