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COLLECTUSDT liquidation cascade on September 9, 2026

COLLECTUSDT fell 23.8% at its peak, then round-tripped to finish 8.8% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-23.8%
Net move
-8.8%
Reported liquidations
$271K
Largest liquidation
$31K
Duration
6h
Volume
$4.7M
Liquidation cascadeBinance
09-09 18:40 to 09-10 03:41 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-10 03:30 UTC.

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 0.99 of 1longs liquidated 99%liquidations $271Kcontagion cluster

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: 2026-09-09T20:10:51.829Z to 2026-09-10T02:11:08.307Z.
  • Recorded baseline: $0.02273. High: $0.02322. End: $0.02072.
  • 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)303KTrades / tape38.4KLiquidations126Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots362
What you will see
  1. COLLECTUSDT fell 23.8% at its peak, then round-tripped to finish 8.8% below its recorded baseline. The event lasted 6h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. Moved with 12 other symbols in the same window: possible contagion.
  4. $271K liquidated, largest reported liquidation $31K.
  5. $204K force-liquidated in about a minute from 22:08 UTC.
  6. Capitulation wick of 4.1% at 22:09 UTC.
  7. Clawed back half of the move by 22:10 UTC.