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ETHFrom

ETHUSDT short squeeze on November 4, 2026

ETHUSDT rose as much as 8.0% and finished 6.8% above its recorded baseline.

Investigate ETHUSDT →Research the setup at 00:19 UTC →Arm this alert →Current ETH liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

The replay covers Nov 4 00:20 to Nov 4 22:12 UTC, the main stretch of the move.

Peak move
+8.0%
Net move
+6.8%
Reported liquidations
$69.4M
Largest liquidation
$5.0M
Duration
28h 59m
Volume
$14.19B
Short squeezeBinance
11-03 17:04 to 11-05 12:32 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-11-05 12:20 UTC.

Full window · Show active span →

Key moments

Times in UTC. Select one inside the replay window 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 · $40.8M shorts reported liquidated · $17.6M longs reported liquidated · contract OI -1.7% · +8.0%
Largest long-liquidation minuteReported total over one minute; selected retrospectively · $6.7MLargest liquidationlongs liquidated · $5.0MPattern breakdouble bottom · 100%Pattern breakdescending trendline · 93%Range break with expanding participationUpward move · reference $2,328 · trades 11.9×, volume 31.7× (5m average / prior 60m median) · known at 14:45:00 UTC close · $2,352
6 more momentsRange brokenUpward move · reference $2,328 · trades 11.9×, volume 31.7× (5m average / prior 60m median) · known at 14:45:00 UTC close · $2,352Flash move+1.1%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $7.4MVolume climax$371MHigh$2,450After the extremeRetrospective phase · $6.6M shorts reported liquidated · $4.4M longs reported liquidated · contract OI +1.9% · -1.1%

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 0.59 of 1shorts liquidated 68%liquidations $69.4Mchart 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: 2026-11-04T00:20:00.000Z to 2026-11-04T22:12:00.000Z.
  • Event window: 2026-11-04T00:19:00.000Z to 2026-11-05T05:18:00.000Z. The figures on this page cover the whole event; the replay was trimmed to the main stretch of the move.
  • Recorded baseline: $2,268.28. High: $2,449.95. End: $2,423.59.
  • Detected Nov 5, 2026 · 04:57 UTC. Episode baseline $2,268 at Nov 4, 2026 · 00:19 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

The replay covers Nov 4 00:20 to Nov 4 22:12 UTC, the main stretch of the move. The figures above cover the whole event.

Recorded streams
Order book (L2)3.0MTrades / tape1.7MLiquidations1.5KLiquidation heatmapVPIN / toxicityOI & positioningFull snapshots1.3K
What you will see
  1. ETHUSDT rose as much as 8.0% and finished 6.8% above its recorded baseline. The event lasted 28h 59m.
  2. Liquidations skewed to the short side: a short squeeze, not just a move.
  3. $69.4M liquidated, largest reported liquidation $5.0M.
  4. A double bottom broke out at 06:52 UTC (100% confidence).