CTFrom

CTUSDT liquidation cascade on October 23, 2026

CTUSDT fell as much as 27.9% and finished 17.9% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-27.9%
Net move
-17.9%
Reported liquidations
$451K
Largest liquidation
$15K
Duration
56h 16m
Volume
$92.4M
Liquidation cascadeBinance
10-22 23:03 to 10-26 11:27 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-26 11:15 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 0.77 of 1longs liquidated 77%liquidations $451Kchart pattern confirmed

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: 2026-10-23T13:07:00.000Z to 2026-10-25T21:23:00.000Z.
  • Recorded baseline: $0.20814. High: $0.21329. End: $0.17093.
  • Detected Oct 25, 2026 · 15:23 UTC. Episode baseline $0.2081 at Oct 23, 2026 · 13:07 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)3.9MTrades / tape1.1MLiquidations730Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots3.4K
What you will see
  1. CTUSDT fell as much as 27.9% and finished 17.9% below its recorded baseline. The event lasted 56h 16m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $451K liquidated, largest reported liquidation $15K.
  4. Capitulation wick of 1.7% at 07:23 UTC.
  5. Open interest peaked at $5.9M (19:00 UTC) before the unwind.
  6. A descending trendline broke out at 20:07 UTC (72% confidence).
  7. Funding flipped positive at 09:42 UTC (+0.005%).