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IRYFrom

IRYSUSDT liquidation cascade on October 25, 2026

IRYSUSDT fell as much as 32.8% and finished 30.2% below its recorded baseline.

Investigate IRYSUSDT →Research the setup at 21:32 UTC →Arm this alert →Current IRYS liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-32.8%
Net move
-30.2%
Reported liquidations
$1.1M
Largest liquidation
$7K
Duration
48h 1m
Volume
$277M
Liquidation cascadeBinance
10-25 09:31 to 10-28 09:33 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-28 09:20 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 · $322K shorts reported liquidated · $723K longs reported liquidated · contract OI +3.1% · -32.8%OI peak$12.7MFunding hit extreme (negative)-0.051%Flash move-6.6%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $39KVolume climax$1.9M
6 more momentsLargest short-liquidation minuteReported total over one minute; selected retrospectively · $26KLarge rejecting wick2.7% of closeRange brokenDownward move · reference $0.02488 · trades 1.6×, volume 2.1× (5m average / prior 60m median) · known at 15:49:00 UTC close · $0.02487Back inside the broken rangeDownward move · reference $0.02488 · trades 1.7×, volume 2.2× (5m average / prior 60m median) · known at 15:50:00 UTC close · $0.02498Low$0.02423After the extremeRetrospective phase · $902 shorts reported liquidated · $8K longs reported liquidated · contract OI -0.1% · +3.9%

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 0.69 of 1longs liquidated 69%liquidations $1.1M

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: 2026-10-25T21:32:00.000Z to 2026-10-27T21:33:00.000Z.
  • Recorded baseline: $0.03604. High: $0.04063. End: $0.02517.
  • Detected Oct 25, 2026 · 21:33 UTC. Episode baseline $0.03604 at Oct 25, 2026 · 21:32 UTC.
  • 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)4.7MTrades / tape983KLiquidations1.5KLiquidation heatmapVPIN / toxicityOI & positioningFull snapshots2.9K
What you will see
  1. IRYSUSDT fell as much as 32.8% and finished 30.2% below its recorded baseline. The event lasted 48h 1m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $1.1M liquidated, largest reported liquidation $7K.
  4. Capitulation wick of 2.7% at 00:16 UTC.
  5. Open interest peaked at $12.7M (01:56 UTC) before the unwind.
  6. Funding hit extreme (negative) at 02:18 UTC (-0.051%).