edgedepthEARLY ACCESSSign in
Menu
Terminal
ResearchResearch hubResearch WorkbenchInvestigate a movePublished reportsDaily briefEvent archiveSaved studiesLive alertsMarketsData coverage
LearnGuidesReading libraryWorked examplesGuided lessonsFAQ
DevelopersAPI documentationMCP setupConnect an AI agentOpen source
Pricing
FHEFrom

FHEUSDT crash on May 8, 2026

FHEUSDT fell as much as 30.0% and finished 29.0% below its recorded baseline.

Investigate FHEUSDT →Research the setup at 19:16 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-30.0%
Net move
-29.0%
Reported liquidations
$43K
Largest liquidation
$8K
Duration
12h 27m
Volume
$7.7M
CrashBinance
05-08 16:09 to 05-09 10:49 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-05-09 10:35 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.
Fall to the lowRetrospective phase · contract OI unavailable · -12.5%Large rejecting wick1.2%First reported liquidationshorts liquidated · $10Flash move-2.7%Volume climax$195KLargest liquidationlongs liquidated · $8K
4 more momentsRange brokenDownward move · reference $0.03624 · trades 1.3×, volume 2.0× (5m average / prior 60m median) · known at 05:54:00 UTC close · $0.03622Back inside the broken rangeDownward move · reference $0.03624 · trades 1.3×, volume 2.0× (5m average / prior 60m median) · known at 05:55:00 UTC close · $0.03628Low$0.03381After the extremeRetrospective phase · contract OI unavailable · +1.1%

Research markers

Why the crash label?

Crash describes the recorded price move. It does not identify its cause.

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: 2026-05-08T19:16:13.450Z to 2026-05-09T07:43:13.449Z.
  • Recorded baseline: $0.0483. High: $0.03969. End: $0.0343.
  • The crash 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)492KTrades / tape61.6KLiquidations73Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. FHEUSDT fell as much as 30.0% and finished 29.0% below its recorded baseline. The event lasted 12h 27m.
  2. $43K liquidated, largest reported liquidation $8K.
  3. First reported liquidation in this archive at 20:15 UTC, shorts liquidated.
  4. Capitulation wick of 1.2% at 19:40 UTC.
  5. No cause was auto-detected for this move; replay the order book and tape to read it yourself.