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IRYFrom

IRYSUSDT liquidation cascade on October 27, 2026

IRYSUSDT fell as much as 13.5% and finished 8.9% below its recorded baseline.

Investigate IRYSUSDT →Research the setup at 20:19 UTC →Arm this alert →Current IRYS liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-13.5%
Net move
-8.9%
Reported liquidations
$324K
Largest liquidation
$6K
Duration
37h 26m
Volume
$99.3M
Liquidation cascadeBinance
10-27 10:57 to 10-29 19:06 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-29 18:55 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 · $75K shorts reported liquidated · $244K longs reported liquidated · contract OI +0.8% · -13.5%Funding hit extreme (negative)-0.051%Large rejecting wick4.1% of closeFlash move+4.1%Pattern breakdescending trendline · 68%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $12K
6 more momentsRange brokenDownward move · reference $0.02275 · trades 1.4×, volume 2.8× (5m average / prior 60m median) · known at 07:24:00 UTC close · $0.02264Largest long-liquidation minuteReported total over one minute; selected retrospectively · $20KRange break with expanding participationDownward move · reference $0.02275 · trades 6.7×, volume 16.4× (5m average / prior 60m median) · known at 07:36:00 UTC close · $0.02199Low$0.02129Volume climax$1.3MAfter the extremeRetrospective phase · $312 shorts reported liquidated · $5K longs reported liquidated · contract OI -1.4% · +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 0.75 of 1longs liquidated 77%liquidations $324Kchart 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: 2026-10-27T20:19:00.000Z to 2026-10-29T09:45:00.000Z.
  • Recorded baseline: $0.02462. High: $0.02656. End: $0.02244.
  • Detected Oct 29, 2026 · 01:11 UTC. Episode baseline $0.02462 at Oct 27, 2026 · 20:19 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)2.6MTrades / tape334KLiquidations575Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots2.2K
What you will see
  1. IRYSUSDT fell as much as 13.5% and finished 8.9% below its recorded baseline. The event lasted 37h 26m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $324K liquidated, largest reported liquidation $6K.
  4. Capitulation wick of 4.1% at 00:08 UTC.
  5. A descending trendline broke out at 11:08 UTC (68% confidence).
  6. Funding hit extreme (negative) at 21:09 UTC (-0.051%).