MAGMAUSDTLiquidation cascadeJUL 12, 2026 · 15:53 UTC · BINANCEFMAGMAUSDT fell as much as 34.3% and finished 33.3% below its starting price.
PEAK MOVE -34.3% · NET MOVE -33.3% · TOTAL LIQUIDATED $261K · MAX SINGLE LIQ $7K · DURATION 4h 38m · VOLUME $48.5M
Liquidation cascade
PEAK-34.3%MAGMAUSDT · BINANCEF · 5MWHY THIS LABEL
confidence 0.77longs liquidated 77%liquidations $261K
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 liquidation cascade 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
16:05 UTCFirst forced-sellshorts liquidated · $109▶ REPLAY17:14 UTCLargest liquidationlongs liquidated · $7K▶ REPLAY17:15 UTCCapitulation wick5.9%▶ REPLAY19:15 UTCLow$0.3327▶ REPLAYDATA INCLUDED IN THIS REPLAY
Order book (L2)503KTrades / tape971KLiquidations279Liquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
- MAGMAUSDT fell as much as 34.3% and finished 33.3% below its starting price. The event lasted 4h 38m.
- Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
- $261K liquidated, largest single fill $7K.
- First forced-sell at 16:05 UTC, shorts liquidated.
- Capitulation wick of 5.9% at 17:15 UTC.
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READS EVERY TRACKED FEATURE AT 15:53 UTC · PROPOSES A DEFINITION
