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

HUSDT liquidation cascade on May 12, 2026

HUSDT fell as much as 19.1% and finished 14.7% below its recorded baseline.

Investigate HUSDT →Research the setup at 06:56 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-19.1%
Net move
-14.7%
Reported liquidations
$327K
Largest liquidation
$10K
Duration
28h 11m
Volume
$119M
Liquidation cascadeBinance
05-11 23:54 to 05-13 18:09 UTC · 15m candles
Key moments

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 · -19.9%First reported liquidationlongs liquidated · $199Flash move-2.8%Large rejecting wick2.1%Volume climax$1.5MFunding hit extreme (positive)+0.050%
5 more momentsLargest liquidationshorts liquidated · $10KRange brokenDownward move · reference $0.246 · trades 1.0×, volume 1.2× (5m average / prior 60m median) · known at 21:20:00 UTC close · $0.2448Range break with expanding participationDownward move · reference $0.246 · trades 3.4×, volume 5.5× (5m average / prior 60m median) · known at 21:50:00 UTC close · $0.238Low$0.2342After the extremeRetrospective phase · contract OI unavailable · +5.4%

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 0.67 of 1longs liquidated 67%liquidations $327K

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: 2026-05-12T06:56:43.452Z to 2026-05-13T11:07:13.454Z.
  • Recorded baseline: $0.2893. High: $0.2926. End: $0.2469.
  • 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)2.6MTrades / tape1.2MLiquidations455Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. HUSDT fell as much as 19.1% and finished 14.7% below its recorded baseline. The event lasted 28h 11m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $327K liquidated, largest reported liquidation $10K.
  4. First reported liquidation in this archive at 06:57 UTC, longs liquidated.
  5. Capitulation wick of 2.1% at 07:20 UTC.
  6. Funding hit extreme (positive) at 13:14 UTC (+0.050%).