Retained incident replay

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

Lifecycle

• Status resolved; severity critical
• Detected 2026-08-12T20:01:17.812Z
• Current cycle 2026-09-14T13:30:42.181Z
• Resolved 2026-09-14T13:32:49.475Z

Recommended action

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

Open xyz:BIRD market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 34.99525495975763,
  "depthChangePercent": -69.31827145132095,
  "fundingRateBps": 5.1652,
  "fundingAbsolutePercentile": 95.68,
  "contextSamples": 72,
  "bookSamples": 70,
  "fundingSamples": 879
}