ETHFrom

ETHUSDT short squeeze on September 20, 2026

ETHUSDT rose as much as 9.2% and finished 6.3% above its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
+9.2%
Net move
+6.3%
Reported liquidations
$120M
Largest liquidation
$6.9M
Duration
48h
Volume
$25.55B
Short squeezeBinance
09-19 18:44 to 09-22 18:44 UTC, including time outside the archive window · 30m candlesLow $2,562.31 · high $2,806.76
Key moments Modelled liquidation zones as of 18:30 UTC. Candle-based estimates, not observed liquidation orders.

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 0.75 of 1shorts liquidated 83%liquidations $120.2Mchart 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: 2026-09-20T06:44:00.000Z to 2026-09-22T06:44:00.000Z.
  • Recorded baseline: $2,571.26. High: $2,806.76. End: $2,733.01.
  • Detected Sep 15, 2026 · 18:44 UTC. Episode baseline $2,518 at Sep 13, 2026 · 06:44 UTC.
  • 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)8.1MTrades / tape10.5MLiquidations3.0KLiquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. ETHUSDT rose as much as 9.2% and finished 6.3% above its recorded baseline. The event lasted 48h.
  2. Liquidations skewed to the short side: a short squeeze, not just a move.
  3. $120M liquidated, largest reported liquidation $6.9M.
  4. First reported liquidation in this archive at 06:50 UTC, longs liquidated.
  5. A double bottom broke out at 06:52 UTC.