Retained incident replay

CRWD 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:CRWD on para. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status resolved; severity critical
• Detected 2026-08-20T07:00:49.187Z
• Current cycle 2026-09-15T08:00:25.341Z
• Resolved 2026-09-15T08:01:09.906Z

Recommended action

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

Open para:CRWD market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 105.9498949816606,
  "depthChangePercent": -70.65357697914908,
  "fundingRateBps": -20.4272,
  "fundingAbsolutePercentile": 100,
  "contextSamples": 72,
  "bookSamples": 70,
  "fundingSamples": 873
}