MAGMAUSDTCrashJUL 1, 2026 · 11:56 UTC · BINANCEFMAGMAUSDT fell as much as 19.2% and finished 16.7% below its starting price.
PEAK MOVE -19.2% · NET MOVE -16.7% · TOTAL LIQUIDATED $37K · MAX SINGLE LIQ $11K · DURATION 4h 31m · VOLUME $7.3M
WHY THIS LABEL
No cause signal in range — shape only; replay to judge it.
HOW THIS EVENT IS MEASURED
Peak move is the largest signed price excursion from the event's starting price. Net move is the start-to-finish change. The crash label describes the detected event class, so a later reversal changes the net move without silently changing the classification.
Data provenance and methodology →KEY MOMENTSEACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
12:08 UTCFirst forced-sellshorts liquidated · $1K▶ REPLAY12:14 UTCOI peak$8.6M▶ REPLAY12:25 UTCCapitulation wick3.9%▶ REPLAY12:25 UTCFlash move-10.8%▶ REPLAY12:25 UTCVolume climax$1.3M▶ REPLAY12:33 UTCLargest liquidationlongs liquidated · $11K▶ REPLAY13:00 UTCLow$0.3744▶ REPLAYDATA INCLUDED IN THIS REPLAY
Order book (L2)262KTrades / tape234KLiquidations45Liquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
- MAGMAUSDT fell as much as 19.2% and finished 16.7% below its starting price. The event lasted 4h 31m.
- $37K liquidated, largest single fill $11K.
- First forced-sell at 12:08 UTC, shorts liquidated.
- Capitulation wick of 3.9% at 12:25 UTC.
- Open interest peaked at $8.6M (12:14 UTC) before the unwind.
- No cause was auto-detected for this move; replay the order book and tape to read it yourself.
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READS EVERY TRACKED FEATURE AT 11:56 UTC · PROPOSES A DEFINITION
