NAOFrom

NAORISUSDT liquidation cascade on May 15, 2026

NAORISUSDT fell as much as 40.2% and finished 34.6% below its recorded baseline.

Figures corrected 11 Oct 2026: measured from the window's first one-minute open (previously shown as -56.7% at the peak).

Free replays cover the last 7 days and selected events.

Peak move
-40.2%
Net move
-34.6%
Reported liquidations
$1.5M
Largest liquidation
$223K
Duration
12h
Volume
$31.0M
Liquidation cascadeBinance
05-14 21:56 to 05-15 15:56 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-05-15 15:45 UTC.

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 0.99 of 1longs liquidated 99%liquidations $1.5M

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: 2026-05-15T00:56:24.915Z to 2026-05-15T12:56:25.247Z.
  • Recorded baseline: $0.08168. High: $0.08193. End: $0.0534.
  • 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)854KTrades / tape362KLiquidations219Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots721
What you will see
  1. NAORISUSDT fell as much as 40.2% and finished 34.6% below its recorded baseline. The event lasted 12h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $1.5M liquidated, largest reported liquidation $223K.
  4. $1.1M force-liquidated in about a minute from 10:29 UTC.
  5. Capitulation wick of 5.1% at 10:29 UTC.