edgedepthEARLY ACCESSSign in
Menu
Terminal
ResearchResearch hubResearch WorkbenchInvestigate a movePublished reportsDaily briefEvent archiveSaved studiesLive alertsMarketsData coverage
LearnGuidesReading libraryWorked examplesGuided lessonsFAQ
DevelopersAPI documentationMCP setupConnect an AI agentOpen source
Pricing
NEAFrom

NEARUSDT liquidation cascade on June 5, 2026

NEARUSDT fell as much as 34.3% and finished 27.9% below its recorded baseline.

Investigate NEARUSDT →Research the setup at 15:04 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-34.3%
Net move
-27.9%
Reported liquidations
$1.3M
Largest liquidation
$182K
Duration
12h 1m
Volume
$273M
Liquidation cascadeBinance
06-05 12:04 to 06-06 06:05 UTC, including time outside the archive window · 15m candlesLow $1.794 · high $2.082
Key moments Modelled liquidation zones as of 05:55 UTC. Candle-based estimates, not observed liquidation orders.

Key moments

Times in UTC. Select one to replay from that minute.
First reported liquidationlongs liquidated · $73OI peak$100MCapitulation wick4.9%Low$1.794Volume climax$21.9MRecovered half66% retraced
2 more momentsLargest liquidationlongs liquidated · $182KFunding flipped negative-0.005%

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 0.67 of 1longs liquidated 67%liquidations $1.3M

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: 2026-06-05T15:04:58.719Z to 2026-06-06T03:05:28.730Z.
  • Recorded baseline: $2.73. High: $2.045. End: $1.968.
  • 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)1.2MTrades / tape126KLiquidations362Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. NEARUSDT fell as much as 34.3% and finished 27.9% below its recorded baseline. The event lasted 12h 1m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $1.3M liquidated, largest reported liquidation $182K.
  4. First reported liquidation in this archive at 15:08 UTC, longs liquidated.
  5. Capitulation wick of 4.9% at 16:10 UTC.
  6. Open interest peaked at $100M (15:52 UTC) before the unwind.
  7. Funding flipped negative at 23:32 UTC (-0.005%).
  8. Clawed back half of the move by 16:15 UTC.