MAGMAUSDTLiquidation cascadeJUL 12, 2026 · 15:53 UTC · BINANCEFMAGMAUSDT crashed 33.3% in 1m window from $0.5064 to $0.3377 (peak: $0.5223) over 4h39m0s
Liquidation cascade
-33.9%MAGMAUSDT · BINANCEF · 5MWHY THIS LABEL
confidence 0.77longs liquidated 77%liquidations $261K
WHAT YOU'LL SEE IN THE REPLAY
1A -33.9% sell-off over 4h 38m.
2Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
3$261K liquidated, largest single fill $7K.
4First forced-sell at 16:05 UTC, shorts liquidated.
5Capitulation wick of 5.9% at 17:15 UTC.
KEY MOMENTS
16:05 UTCFirst forced-sellshorts liquidated · $109▶ REPLAY17:14 UTCLargest liquidationlongs liquidated · $7K▶ REPLAY17:15 UTCCapitulation wick5.9%▶ REPLAY19:15 UTCLow$0.3327▶ REPLAY
EACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
