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QUIET · BUILDING · ELEVATED · STRESSED — bands on the count of markets in concurrent liquidation above their own calibrated thresholds. Full methodology →
Every monitored perpetual futures market, banded on its own calibrated liquidation level over the trailing fifteen minutes. Thresholds are per market, so a thin book and a deep book are treated on the same basis.
Markets with documented cascades link to their archive record; the rest are monitored but have no cascade on file yet.
Documented cascades identified by applying the methodology to recorded liquidation data after the fact. This shows how the method classifies recorded events after the fact. It cannot demonstrate that a warning existed beforehand — that is what the prospectively timestamped record below is for.
All times UTC. Each event is a cascade classified after the fact by RiskLoom's internal L3 rule; the peak is the 60-minute rolling liquidation peak. Every event is reconcilable to five-minute liquidation records.
Every reading above is written to an append-only ledger the moment it is computed and is never revised — enforced by database grants and a hash chain, not by policy. How the ledger works →
The record begins at zero and accumulates. An entry demonstrates that a state was recorded before whatever followed it — a materially stronger claim than a reconstruction, and the reason the two are labelled separately throughout.
What the record has actually caught. Every row below was written to the ledger as it happened and has not been revised since.
Per-market detail is available in the Terminal to qualified risk and trading desks under evaluation; API access on request.
Per-market detail in the Terminal for qualified risk and trading desks; API access on request.