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ETHFrom

ETHUSDT liquidation cascade on November 10, 2026

ETHUSDT fell as much as 5.4% and finished 2.8% below its recorded baseline.

Investigate ETHUSDT →Research the setup at 08:59 UTC →Arm this alert →Current ETH liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-5.4%
Net move
-2.8%
Reported liquidations
$69.1M
Largest liquidation
$11.5M
Duration
12h 46m
Volume
$7.93B
Liquidation cascadeBinance
11-10 05:47 to 11-11 00:56 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-11-11 00:45 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 · $5.2M shorts reported liquidated · $57.9M longs reported liquidated · contract OI +1.7% · -5.4%Large rejecting wick1.7% of closeFlash move-1.7%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $29.3MVolume climax$731MLiquidation burstlongs liquidated · $29.6M
6 more momentsLargest liquidationlongs liquidated · $11.5MLargest short-liquidation minuteReported total over one minute; selected retrospectively · $1.1MRange brokenDownward move · reference $2,051 · trades 2.9×, volume 5.0× (5m average / prior 60m median) · known at 15:40:00 UTC close · $2,032Range break with expanding participationDownward move · reference $2,051 · trades 3.4×, volume 5.5× (5m average / prior 60m median) · known at 15:41:00 UTC close · $2,025Low$2,004After the extremeRetrospective phase · $3.0M shorts reported liquidated · $2.9M longs reported liquidated · contract OI -0.5% · +2.7%

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 0.75 of 1longs liquidated 88%liquidations $69.1M

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: 2026-11-10T08:59:00.000Z to 2026-11-10T21:45:00.000Z.
  • Recorded baseline: $2,117.49. High: $2,117.82. End: $2,057.98.
  • Detected Nov 10, 2026 · 15:45 UTC. Episode baseline $2,117 at Nov 10, 2026 · 08:59 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)1.7MTrades / tape1.3MLiquidations1.1KLiquidation heatmapVPIN / toxicityOI & positioningFull snapshots767
What you will see
  1. ETHUSDT fell as much as 5.4% and finished 2.8% below its recorded baseline. The event lasted 12h 46m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $69.1M liquidated, largest reported liquidation $11.5M.
  4. $29.6M force-liquidated in about a minute from 13:30 UTC.
  5. Capitulation wick of 1.7% at 13:30 UTC.