Retained incident replay

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

Lifecycle

• Status resolved; severity critical
• Detected 2026-10-07T22:00:16.505Z
• Current cycle 2026-10-07T22:00:16.505Z
• Resolved 2026-10-07T22:16:23.421Z

Recommended action

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

Open xyz:ZM market evidence

{
  "windowMs": 21600000,
  "openInterestChangePercent": 31.03012916645294,
  "depthChangePercent": -88.02739177145703,
  "fundingRateBps": 2.0098,
  "fundingAbsolutePercentile": 98.75,
  "contextSamples": 73,
  "bookSamples": 71,
  "fundingSamples": 877
}