Liquidation cascade risk API: decision-ready risk level (NONE/LOW/MODERATE/ELEVATED/HIGH) per coin, plus recommended position-size-discount and entry-threshold-boost used internally by the Kerdos trading fleet. Direct complement to /api/liquidations — liquidations gives you raw data, cascade-risk gives you the classification and action recommendation. Monopoly: derived from OI velocity + large-trade clustering + liquidation cluster count on Hyperliquid.

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