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ETHUSDT short squeeze on September 11, 2026

ETHUSDT rose as much as 8.0% and finished 3.9% above its recorded baseline.

Figures corrected 11 Oct 2026: measured from the window's first one-minute open (previously shown as +6.6% at the peak).

Investigate ETHUSDT →Research the setup at 10:00 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
+8.0%
Net move
+3.9%
Reported liquidations
$100M
Largest liquidation
$12.2M
Duration
8h
Volume
$11.42B
Short squeezeBinance
09-11 08:00 to 09-11 20:00 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-11 19:50 UTC.

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.
Rise to the highRetrospective phase · $66.4M shorts reported liquidated · $3.4M longs reported liquidated · contract OI +3.2% · +8.0%Pattern breakdouble bottom · 92%Flash move+1.7%Volume climax$485MLargest short-liquidation minuteReported total over one minute; selected retrospectively · $14.4MLargest liquidationshorts liquidated · $12.2M
5 more momentsHigh$2,666After the extremeRetrospective phase · $2.5M shorts reported liquidated · $26.7M longs reported liquidated · contract OI +0.2% · -3.8%OI peak$6.41BGave back half51% retracedLargest long-liquidation minuteReported total over one minute; selected retrospectively · $20.0M

Research markers

Why the short squeeze label?

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

Label confidence 0.60 of 1shorts liquidated 70%liquidations $98.9Mchart 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: 2026-09-11T10:00:28.265Z to 2026-09-11T18:00:28.265Z.
  • Recorded baseline: $2,468.38. High: $2,666. End: $2,565.31.
  • The short squeeze 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 / tape1.7MLiquidations1.0KLiquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. ETHUSDT rose as much as 8.0% and finished 3.9% above its recorded baseline. The event lasted 8h.
  2. Liquidations skewed to the short side: a short squeeze, not just a move.
  3. $100M liquidated, largest reported liquidation $12.2M.
  4. Open interest peaked at $6.41B (15:35 UTC) before the unwind.
  5. A double bottom broke out at 10:39 UTC (92% confidence).
  6. Gave back half of the move by 15:53 UTC.