NEARUSDT fell 18.1% intraperiod, then round-tripped to finish 3.1% below its starting price.

PEAK MOVE -18.1% · NET MOVE -3.1% · TOTAL LIQUIDATED $2.1M · MAX SINGLE LIQ $194K · DURATION 28h · VOLUME $322M

Liquidation cascade

PEAK-18.1%NEARUSDT · BINANCEF · 30M

WHY THIS LABEL

confidence 0.93longs liquidated 93%liquidations $2.1Mcontagion cluster

HOW THIS EVENT IS MEASURED

Peak move is the largest signed price excursion from the event's starting price. Net move is the start-to-finish change. The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

Data provenance and methodology →

KEY MOMENTSEACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK

05:02 UTCFirst forced-selllongs liquidated · $8▶ REPLAY 05:10 UTCLargest liquidationlongs liquidated · $194K▶ REPLAY 05:15 UTCCapitulation wick4.5%▶ REPLAY 05:15 UTCLow$1.803▶ REPLAY

DATA INCLUDED IN THIS REPLAY

Order book (L2)2.0MTrades / tape151KLiquidations322Liquidation heatmapVPIN / toxicityOI & positioning

WHAT YOU'LL SEE IN THE REPLAY

NEARUSDT fell 18.1% intraperiod, then round-tripped to finish 3.1% below its starting price. The event lasted 28h.
Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
Moved with 20 other symbols in the same window: possible contagion.
$2.1M liquidated, largest single fill $194K.
First forced-sell at 05:02 UTC, longs liquidated.
Capitulation wick of 4.5% at 05:15 UTC.