Retained incident replay

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

Lifecycle

• Status resolved; severity critical
• Detected 2026-08-19T09:07:21.466Z
• Current cycle 2026-09-21T15:02:42.474Z
• Resolved 2026-09-21T15:06:17.749Z

Recommended action

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

Open xyz:SMSN market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 24.71504607180811,
  "depthChangePercent": -36.86508783246177,
  "fundingRateBps": 2.651,
  "fundingAbsolutePercentile": 98.97,
  "contextSamples": 73,
  "bookSamples": 71,
  "fundingSamples": 875
}