Retained incident replay

CIEN liquidation-cascade risk is elevated

What happened

Open interest expanded while funding reached an extreme and executable depth declined.

Why it matters

This deterministic condition affected para:CIEN on para. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status resolved; severity critical
• Detected 2026-08-17T08:00:54.569Z
• Current cycle 2026-09-17T12:00:51.245Z
• Resolved 2026-09-17T12:01:34.575Z

Recommended action

Compare the current oracle, mark, liquidity, funding, exposure, coverage, and freshness before changing a position or operating decision.

Open para:CIEN market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 144.9575240293995,
  "depthChangePercent": -100,
  "fundingRateBps": 5.5341,
  "fundingAbsolutePercentile": 95.77,
  "contextSamples": 73,
  "bookSamples": 70,
  "fundingSamples": 874
}