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MFrom

MUSDT crash on July 3, 2026

MUSDT fell as much as 19.7% and finished 10.3% below its recorded baseline.

Archive corrected 2026-09-14. Earlier saved analyses may use the previous window or prices.

Order-book recording: 2 brief interruptions, 119.9 seconds in total.

Replay resumes from recorded snapshots. Treat order-book measurements within these intervals as unavailable; the event remains available.

  • 2026-07-03T08:23:24.033Z to 2026-07-03T08:24:00.026Z.
  • 2026-07-03T16:32:36.086Z to 2026-07-03T16:34:00.026Z.
Investigate MUSDT →Research the setup at 05:37 UTC →Arm this alert →Current M liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-19.7%
Net move
-10.3%
Reported liquidations
$372K
Largest liquidation
$10K
Duration
16h 22m
Volume
$99.0M
CrashBinance
07-03 01:31 to 07-04 02:04 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-07-04 01:50 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 · contract OI unavailable · -19.7%First reported liquidationshorts liquidated · $254Largest liquidationshorts liquidated · $10KRange brokenDownward move · reference $1.756 · trades 2.3×, volume 3.5× (5m average / prior 60m median) · known at 10:55:00 UTC close · $1.7249Range break with expanding participationDownward move · reference $1.756 · trades 3.8×, volume 5.3× (5m average / prior 60m median) · known at 10:56:00 UTC close · $1.7263Volume climax$1.4M
5 more momentsLarge rejecting wick2.1% of closeLow$1.3491After the extremeRetrospective phase · contract OI unavailable · +11.7%Flash move+6.1%Recovered half50% retraced

Research markers

Why the crash label?

Crash describes the recorded price move. It does not identify its cause.

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: 2026-07-03T05:37:00.000Z to 2026-07-03T21:59:00.000Z.
  • Recorded baseline: $1.6803. High: $1.8422. End: $1.507.
  • The crash 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)1.6MTrades / tape1.2MLiquidations352Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots983
What you will see
  1. MUSDT fell as much as 19.7% and finished 10.3% below its recorded baseline. The event lasted 16h 22m.
  2. $372K liquidated, largest reported liquidation $10K.
  3. First reported liquidation in this archive at 05:37 UTC, shorts liquidated.
  4. Capitulation wick of 2.1% at 11:51 UTC.
  5. Clawed back half of the move by 12:14 UTC.
  6. No cause was auto-detected for this move; replay the order book and tape to read it yourself.