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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.
Documented cascades identified by applying the methodology to recorded liquidation data after the fact. This demonstrates that the method identifies real events. It cannot demonstrate that a warning existed beforehand — that is what the prospectively timestamped record below is for.
All times UTC; −1d marks a warning on the preceding day. Warning is the first threshold crossing. Every event is reconcilable to per-minute liquidation data.
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.
The full documented archive of liquidation cascades, browsable with minute-by-minute replay.
Confirmed signals, per-market detail and programmatic access are available to qualified risk and trading desks under evaluation.
Confirmed signals, per-market detail and programmatic access, for qualified risk and trading desks.