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ETHFrom

ETHUSDT liquidation cascade on November 8, 2026

ETHUSDT fell as much as 7.7% and finished 3.6% below its recorded baseline.

Investigate ETHUSDT →Research the setup at 21:44 UTC →Arm this alert →Current ETH liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-7.7%
Net move
-3.6%
Reported liquidations
$197M
Largest liquidation
$48.2M
Duration
6h 23m
Volume
$5.83B
Liquidation cascadeBinance
11-08 21:10 to 11-09 00:32 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-11-09 00:20 UTC.

Active span · Show full window →

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 · $522 shorts reported liquidated · $177M longs reported liquidated · contract OI -4.1% · -7.7%Range break with expanding participationDownward move · reference $2,213 · trades 25.7×, volume 79.9× (5m average / prior 60m median) · known at 21:52:00 UTC close · $2,192Range brokenDownward move · reference $2,213 · trades 25.7×, volume 79.9× (5m average / prior 60m median) · known at 21:52:00 UTC close · $2,192Liquidation burstlongs liquidated · $123MLarge rejecting wick2.7% of closeFlash move-2.4%
6 more momentsLargest long-liquidation minuteReported total over one minute; selected retrospectively · $94.7MLow$2,050Volume climax$627MLargest liquidationlongs liquidated · $48.2MAfter the extremeRetrospective phase · $14.7M shorts reported liquidated · $5.1M longs reported liquidated · contract OI -0.3% · +4.5%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $9.4M

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 0.83 of 1longs liquidated 93%liquidations $197.2M

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: 2026-11-08T21:44:00.000Z to 2026-11-09T04:07:00.000Z.
  • Recorded baseline: $2,221.49. High: $2,222. End: $2,142.15.
  • Detected Nov 8, 2026 · 21:57 UTC. Episode baseline $2,221 at Nov 8, 2026 · 21:44 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)870KTrades / tape945KLiquidations643Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots384
What you will see
  1. ETHUSDT fell as much as 7.7% and finished 3.6% below its recorded baseline. The event lasted 6h 23m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $197M liquidated, largest reported liquidation $48.2M.
  4. $123M force-liquidated in about a minute from 21:54 UTC.
  5. Capitulation wick of 2.7% at 21:55 UTC.