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LINFrom

LINKUSDT liquidation cascade on September 22, 2026

LINKUSDT fell as much as 7.5% and finished 4.3% below its recorded baseline.

Investigate LINKUSDT →Research the setup at 06:48 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-7.5%
Net move
-4.3%
Reported liquidations
$1.6M
Largest liquidation
$191K
Duration
48h
Volume
$503M
Liquidation cascadeBinance
09-21 18:48 to 09-24 18:48 UTC, including time outside the archive window · 30m candlesLow $11.972 · high $13.53
Key moments Modelled liquidation zones as of 18:35 UTC. Candle-based estimates, not observed liquidation orders.

Key moments

Times in UTC. Select one to replay from that minute.
First reported liquidationlongs liquidated · $230Pattern breakdouble topCapitulation wick3.5%Low$11.972Largest liquidationlongs liquidated · $191K

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 0.84 of 1longs liquidated 94%liquidations $1.6Mchart pattern confirmed

Other LINKUSDT events

Examples, not a historical success rate.

Volatility spikePeak +3.8%Volatility spikePeak +14.7%Short squeezePeak +10.8%
3 more eventsVolatility spikePeak +7.4%Volatility spikePeak +9.6%Liquidation cascadePeak -6.2%
Browse all LINKUSDT events →

Similar events in other markets

2 other markets sold off in the same window, grouped because their order-flow toxicity (VPIN) moved together, not by price correlation.
ETHETHUSDT volatilityPeak -3.6%METMETUSDT pumpPeak +50.4%
More like this
ONEONEUSDT cascadePeak -38.0%MUBMUBARAKUSDT cascadePeak -27.4%B2B2USDT cascadePeak -33.1%
2 more events龙虾龙虾USDT cascadePeak -24.4%SAGSAGAUSDT cascadePeak -21.0%
More liquidation cascade events →

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: 2026-09-22T06:48:00.000Z to 2026-09-24T06:48:00.000Z.
  • Recorded baseline: $12.949. High: $13.309. End: $12.395.
  • Detected Sep 15, 2026 · 20:09 UTC. Episode baseline $11.475 at Sep 13, 2026 · 06:48 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)5.4MTrades / tape1.2MLiquidations310Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. LINKUSDT fell as much as 7.5% and finished 4.3% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. Moved with 2 other symbols in the same window: possible contagion.
  4. $1.6M liquidated, largest reported liquidation $191K.
  5. First reported liquidation in this archive at 08:27 UTC, longs liquidated.
  6. Capitulation wick of 3.5% at 14:00 UTC.
  7. A double top broke out at 13:08 UTC.