Condition · recorded history

Liquidations arriving in cascades

The cascade clustering index is above 0.6: liquidations are arriving in bursts rather than independently.

What is a liquidation?

Recorded window: 8 Sept 2026 to 7 Oct 2026 (UTC). Counted 8 Oct 2026 at 08:50 UTC.

Read it in context

  1. On one market

    Each market page compares that market with its own minutes, not with every market at once.

  2. Test it, then plan it

    Narrow it to your markets and dates in the Workbench. A tested result leads to Plan a trade, which measures what trading it would have paid after costs.

By market

Every market pooled, without context

What happened in the next 24 hours?

Reaching +5% was about as common as without it; falling to −10% was more common than without it.

Other minutes are the same markets and dates without this condition. Each percentage is the share of measured minutes that reached that move from the starting price.

Price touched +5% or higher

When this held
40.3% · 462 of 1,147 minutes
Other minutes
33.8% · 5,491,925 of 16,228,356 minutes

Price touched −10% or lower

When this held
18.0% · 206 of 1,147 minutes
Other minutes
5.5% · 892,285 of 16,228,356 minutes

Price can touch both levels within the same 24 hours.

Every matching minute counts, so one long run adds many near-identical minutes. Busy markets weigh most.

Every condition is measured over the same 24 hours, whatever the length of its own reading. Other windows and move sizes shows shorter and longer windows.

This counts how often price touched a level, not what trading it would have paid.

Sample and counting

Rates use the 1,147 of 1,166 matches, pooled across 524 markets, with a full 24 hours after them. The 19 newer ones are left out, not counted as zero.

When it happened
Matches per UTC day, 2026-09-08 to 2026-10-08

About 38 a day, on 28 of 31 days: spread through the record rather than one event.

Other windows and move sizes
Matches that reached each move within each window. Counts first; the measured row is what each rate is over.
Move1 hour4 hours24 hours72 hours7 days
Measured1,1661,1661,1471,081729
Too recent001985437
+0.1% or more1,058 (90.7%)1,086 (93.1%)1,116 (97.3%)1,068 (98.8%)721 (98.9%)
+0.2% or more990 (84.9%)1,043 (89.5%)1,100 (95.9%)1,060 (98.1%)719 (98.6%)
+0.5% or more818 (70.2%)941 (80.7%)1,056 (92.1%)1,043 (96.5%)710 (97.4%)
+1% or more564 (48.4%)764 (65.5%)947 (82.6%)988 (91.4%)688 (94.4%)
+2% or more314 (26.9%)502 (43.1%)796 (69.4%)901 (83.3%)646 (88.6%)
+5% or more120 (10.3%)222 (19.0%)462 (40.3%)624 (57.7%)528 (72.4%)
+10% or more55 (4.7%)111 (9.5%)237 (20.7%)383 (35.4%)376 (51.6%)
+15% or more31 (2.7%)71 (6.1%)157 (13.7%)250 (23.1%)275 (37.7%)
+20% or more20 (1.7%)44 (3.8%)113 (9.9%)188 (17.4%)209 (28.7%)
+30% or more8 (0.7%)26 (2.2%)66 (5.8%)113 (10.5%)145 (19.9%)
+50% or more2 (0.2%)6 (0.5%)35 (3.1%)61 (5.6%)82 (11.2%)
+100% or more0 (0.0%)2 (0.2%)14 (1.2%)25 (2.3%)40 (5.5%)
+200% or more0 (0.0%)0 (0.0%)1 (0.1%)15 (1.4%)19 (2.6%)
+400% or more0 (0.0%)0 (0.0%)0 (0.0%)5 (0.5%)8 (1.1%)
−0.1% or lower1,091 (93.6%)1,126 (96.6%)1,129 (98.4%)1,068 (98.8%)719 (98.6%)
−0.2% or lower1,013 (86.9%)1,086 (93.1%)1,110 (96.8%)1,054 (97.5%)714 (97.9%)
−0.5% or lower834 (71.5%)985 (84.5%)1,066 (92.9%)1,025 (94.8%)703 (96.4%)
−1% or lower586 (50.3%)807 (69.2%)979 (85.4%)975 (90.2%)691 (94.8%)
−2% or lower367 (31.5%)563 (48.3%)854 (74.5%)906 (83.8%)667 (91.5%)
−5% or lower128 (11.0%)215 (18.4%)478 (41.7%)639 (59.1%)560 (76.8%)
−10% or lower41 (3.5%)87 (7.5%)206 (18.0%)343 (31.7%)369 (50.6%)
−15% or lower19 (1.6%)45 (3.9%)115 (10.0%)188 (17.4%)228 (31.3%)
−20% or lower6 (0.5%)21 (1.8%)69 (6.0%)113 (10.5%)141 (19.3%)
−30% or lower3 (0.3%)7 (0.6%)25 (2.2%)49 (4.5%)70 (9.6%)
−50% or lower1 (0.1%)3 (0.3%)7 (0.6%)15 (1.4%)18 (2.5%)

Each window counts only matches old enough for it, so a longer window can show fewer.

Distributions and daily counts
Upside reached · 24hUpside reached (MFE, 24h)The most price moved up within 24 hours of each match: a high-water mark, never a close. 1,147 with a complete 24 hours.
Drawdown · 24hDrawdown (MAE, 24h)The worst price moved against within 24 hours of each match: the deepest point, never the close. 1,147 with a complete 24 hours.
Price 30 minutes laterForward 30-minute returnForward 30-minute returns across 1,164 matches: close to an even split, which is what a coin flip looks like. 2 too recent.

How to read a distribution

Matches per UTC day

  • 8 Sep21 matches
  • 9 Sep39 matches
  • 10 Sep30 matches
  • 11 Sep25 matches
  • 12 Sep15 matches
  • 13 Sep48 matches
  • 14 Sep14 matches
  • 15 Sep23 matches
  • 16 Sep22 matches
  • 17 Sep17 matches
  • 18 Sep27 matches
  • 19 Sep18 matches
  • 20 Sep22 matches
  • 21 Sep27 matches
  • 22 Sep24 matches
  • 23 Sep33 matches
  • 24 Sep0 matches
  • 25 Sep0 matches
  • 26 Sep143 matches
  • 27 Sep66 matches
  • 28 Sep55 matches
  • 29 Sep31 matches
  • 30 Sep20 matches
  • 1 Oct18 matches
  • 2 Oct275 matches
  • 3 Oct26 matches
  • 4 Oct25 matches
  • 5 Oct32 matches
  • 6 Oct24 matches
  • 7 Oct46 matches
  • 8 Oct0 matches
How this is counted
  • Each rate counts only matches with the full window after them.
  • A minute where a reading was missing is left out and reported, not read as zero.
  • The condition picks the setup, never the outcome: a definition that filters on what followed is rejected (OUTCOME_IN_PREDICATE). Every match is measured, winners and losers alike.
  • "Other minutes" is every other eligible minute in the same markets and window. It is a reference, not a control group.
  • "Reached +5%" uses the highest price inside the window (maximum favourable excursion, MFE); "fell to −10%" uses the lowest (maximum adverse excursion, MAE). Neither is the close.
  • Checked 22,121,233 eligible market-minutes (eligible_symbol_buckets) on 524 markets, 2026-09-08 00:00 to 2026-10-08 00:00 UTC.
  • These counts pool every market, so markets that match often weigh more. Each market page compares that market with its own reference.
  • Live status is not connected yet, so this page is recorded history only.

What are MFE and MAE?

Reproducibility key (q#5643d743)

The key that re-runs this exact count. Same key, same bytes; when the record grows, the dataset revision changes.

grammar
research_query.v2
normalization
archive_normalization.v1
feature library
feature_defs.v1
dataset revision
9204cff10529b84698ab7020335424c6128648da642e94aa86c5a922ce76e132
query hash
5643d743a3a0c073c1c2799e294ca2937c26c473645aac40d1ce029aa85211ff
scanned window
2026-09-08T00:00:00.000Z to 2026-10-08T00:00:00.000Z (UTC)

Re-run over the API

The exact search definition behind this count. Send it to the key-authed research API (or the MCP research tool) and compare the bytes; a cached rerun is free.

{
  "schema_version": "research_query.v2",
  "normalization_version": "archive_normalization.v1",
  "feature_version": "feature_defs.v1",
  "target": "record_occurrences",
  "where": {
    "all": [
      [
        "feature.cascade_clustering_index",
        "gte",
        0.6
      ],
      [
        "times.anchor_time",
        "between",
        [
          "2026-09-08T00:00:00.000Z",
          "2026-10-08T00:00:00.000Z"
        ]
      ]
    ]
  },
  "sort": [
    "times.anchor_time",
    "desc"
  ],
  "page": {
    "limit": 50,
    "cursor": null
  }
}
curl -s https://app.edgedepth.com/api/v1/research/query \
  -H 'authorization: Bearer $EDGEDEPTH_API_KEY' \
  -H 'content-type: application/json' \
  -d '{"schema_version":"research_query.v2","normalization_version":"archive_normalization.v1","feature_version":"feature_defs.v1","target":"record_occurrences","where":{"all":[["feature.cascade_clustering_index","gte",0.6],["times.anchor_time","between",["2026-09-08T00:00:00.000Z","2026-10-08T00:00:00.000Z"]]]},"sort":["times.anchor_time","desc"],"page":{"limit":50,"cursor":null}}'

Past examples from the record, not a guarantee or a prediction. Nothing here is trading advice.