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LINFrom

LINKUSDT liquidation cascade on October 27, 2026

LINKUSDT fell 11.2% at its peak, then round-tripped to finish 1.7% below its recorded baseline.

Investigate LINKUSDT →Research the setup at 23:17 UTC →Arm this alert →Current LINK liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

The replay covers Oct 28 01:20 to Oct 30 06:31 UTC, the main stretch of the move.

Peak move
-11.2%
Net move
-1.7%
Reported liquidations
$4.1M
Largest liquidation
$199K
Duration
72h
Volume
$623M
Liquidation cascadeBinance
10-27 05:17 to 10-31 17:17 UTC · 1h candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-31 17:05 UTC.

Key moments

Times in UTC. Select one inside the replay window 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 · $705K shorts reported liquidated · $3.2M longs reported liquidated · contract OI +2.3% · -11.2%
Largest short-liquidation minuteReported total over one minute; selected retrospectively · $199KLargest liquidationshorts liquidated · $199KFlash move-2.2%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $622KRange brokenDownward move · reference $10.531 · trades 2.7×, volume 3.2× (5m average / prior 60m median) · known at 00:19:00 UTC close · $10.337
6 more momentsVolume climax$5.9MRange break with expanding participationDownward move · reference $10.531 · trades 3.9×, volume 4.1× (5m average / prior 60m median) · known at 00:20:00 UTC close · $10.465Low$10.252Large rejecting wick1.0% of closeAfter the extremeRetrospective phase · $87K shorts reported liquidated · $118K longs reported liquidated · contract OI -4.1% · +10.7%Back inside the broken rangeDownward move · reference $10.531 · trades 0.8×, volume 1.3× (5m average / prior 60m median) · known at 01:02:00 UTC close · $10.545

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 0.76 of 1longs liquidated 81%liquidations $4.1Mchart 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: 2026-10-28T01:20:00.000Z to 2026-10-30T06:31:00.000Z.
  • Event window: 2026-10-27T23:17:00.000Z to 2026-10-30T23:17:00.000Z. The figures on this page cover the whole event; the replay was trimmed to the main stretch of the move.
  • Recorded baseline: $11.543. High: $12.023. End: $11.347.
  • Detected Oct 30, 2026 · 23:17 UTC. Episode baseline $11.543 at Oct 27, 2026 · 23:17 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

The replay covers Oct 28 01:20 to Oct 30 06:31 UTC, the main stretch of the move. The figures above cover the whole event.

Recorded streams
Order book (L2)4.6MTrades / tape395KLiquidations550Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots3.2K
What you will see
  1. LINKUSDT fell 11.2% at its peak, then round-tripped to finish 1.7% below its recorded baseline. The event lasted 72h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $4.1M liquidated, largest reported liquidation $199K.
  4. Capitulation wick of 1.0% at 00:23 UTC.