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MAGMAUSDT liquidation cascade on July 12, 2026

MAGMAUSDT fell as much as 34.3% and finished 33.3% below its recorded baseline.

Investigate MAGMAUSDT →Research the setup at 15:53 UTC →Arm this alert →Current MAGMA liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-34.3%
Net move
-33.3%
Reported liquidations
$261K
Largest liquidation
$7K
Duration
4h 38m
Volume
$48.5M
Liquidation cascadeBinance
07-12 14:43 to 07-12 21:41 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-07-12 21:30 UTC.

Full window · Show active span →

Key moments

Times in UTC. Select one 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 · $61K shorts reported liquidated · $190K longs reported liquidated · contract OI unavailable · -31.3%Flash move-17.2%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $36KVolume climax$2.5MLarge rejecting wick8.7% of closeLow$0.3327
1 more momentsAfter the extremeRetrospective phase · $207 shorts reported liquidated · $11K longs reported liquidated · contract OI unavailable · +1.9%

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 0.77 of 1longs liquidated 77%liquidations $261K

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: 2026-07-12T15:53:17.056Z to 2026-07-12T20:31:47.056Z.
  • Recorded baseline: $0.50641. High: $0.52985. End: $0.33774.
  • 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)504KTrades / tape971KLiquidations279Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots279
What you will see
  1. MAGMAUSDT fell as much as 34.3% and finished 33.3% below its recorded baseline. The event lasted 4h 38m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $261K liquidated, largest reported liquidation $7K.
  4. Capitulation wick of 8.7% at 17:15 UTC.