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AVAXUSDT liquidation cascade on September 23, 2026

AVAXUSDT fell as much as 9.5% and finished 7.2% below its recorded baseline.

Investigate AVAXUSDT →Research the setup at 08:49 UTC →Arm this alert →Current AVAX liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-9.5%
Net move
-7.2%
Reported liquidations
$1.7M
Largest liquidation
$153K
Duration
11h 19m
Volume
$218M
Liquidation cascadeBinance
09-23 05:59 to 09-23 22:57 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-23 22:45 UTC.

Full window · Show active span →

Key moments

Times in UTC. Select one to replay from that minute. Phase totals and extremes are retrospective; sequence details show when the closed-minute reading was known.
Fall to the lowRetrospective phase · $5K shorts reported liquidated · $1.2M longs reported liquidated · contract OI -1.1% · -9.5%Largest liquidationlongs liquidated · $153KFlash move-1.4%Range break with expanding participationDownward move · reference $10.56 · trades 3.2×, volume 4.6× (5m average / prior 60m median) · known at 14:11:00 UTC close · $10.541Range brokenDownward move · reference $10.56 · trades 3.2×, volume 4.6× (5m average / prior 60m median) · known at 14:11:00 UTC close · $10.541Liquidation burstlongs liquidated · $635K
6 more momentsLarge rejecting wick2.7% of closeLargest long-liquidation minuteReported total over one minute; selected retrospectively · $551KLow$10.06After the extremeRetrospective phase · $22K shorts reported liquidated · $246K longs reported liquidated · contract OI -3.3% · +2.5%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $17KVolume climax$8.3M

Research markers

Why the liquidation cascade label?

These observations support the label. They do not show what caused the move or who started it.

Label confidence 0.91 of 1longs liquidated 98%liquidations $1.7Mchart pattern confirmed

Other AVAXUSDT events

Examples, not a historical success rate.

Liquidation cascadePeak -7.0%Liquidation cascadePeak -10.3%Liquidation cascadePeak -10.5%
3 more eventsShort squeezePeak +5.4%Liquidation cascadePeak -10.4%Long squeezePeak +9.2%
Browse all AVAXUSDT events →

Similar events in other markets

2 other markets sold off in the same window, grouped because their order-flow toxicity (VPIN) moved together, not by price correlation.
DOGDOGEUSDT cascadePeak -10.0%LSKLSKUSDT pumpPeak +54.3%
More like this
APRAPRUSDT cascadePeak -42.9%AGTAGTUSDT cascadePeak -55.5%EPIEPICUSDT cascadePeak -49.5%
2 more eventsAKEAKEUSDT cascadePeak -33.0%CHICHIPUSDT cascadePeak -20.5%
More liquidation cascade events →

How these numbers are measured

Peak and net moves start from the recorded baseline, which can differ from the replay's first price.

Liquidations are reported venue snapshots; orders a venue left out are not rebuilt.

Exact definitions
  • Replay window: 2026-09-23T08:49:00.000Z to 2026-09-23T20:08:00.000Z.
  • Recorded baseline: $11.122. High: $11.299. End: $10.316.
  • Detected Sep 23, 2026 · 14:14 UTC. Episode baseline $11.122 at Sep 23, 2026 · 08:49 UTC.
  • The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.
  • Price-extreme and wick times mark the source candle, not the exact tick.
Data provenance and methodology →
What the replay includes
Recorded streams
Order book (L2)1.1MTrades / tape180KLiquidations202Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots680
What you will see
  1. AVAXUSDT fell as much as 9.5% and finished 7.2% below its recorded baseline. The event lasted 11h 19m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. Moved with 2 other symbols in the same window: possible contagion.
  4. $1.7M liquidated, largest reported liquidation $153K.
  5. $635K force-liquidated in about a minute from 14:12 UTC.
  6. Capitulation wick of 2.7% at 14:13 UTC.