From
NEARUSDT liquidation cascade on August 22, 2026
NEARUSDT fell 18.1% at its peak, then round-tripped to finish 3.1% below its recorded baseline.
Free replays cover the last 7 days and selected events.
- Peak move
- -18.1%
- Net move
- -3.1%
- Reported liquidations
- $2.1M
- Largest liquidation
- $194K
- Duration
- 28h
- Volume
- $322M
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.5 more moments
Large rejecting wick8.0%Low$1.588After the extremeRetrospective phase · $146K shorts reported liquidated · $844K longs reported liquidated · contract OI -10.1% · +18.2%Recovered half52% retracedLargest short-liquidation minuteReported total over one minute; selected retrospectively · $26KResearch 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 0.93 of 1longs liquidated 93%liquidations $2.1Mcontagion cluster
Other NEARUSDT events
Examples, not a historical success rate.
Liquidation cascadePeak -6.0%Volatility spikePeak +2.9%Liquidation cascadePeak -4.5%Browse all NEARUSDT events →Similar events in other markets
20 other markets sold off in the same window, grouped because their order-flow toxicity (VPIN) moved together, not by price correlation.
WLFIUSDT cascadePeak -22.5%ONDOUSDT cascadePeak -27.2%GIGGLEUSDT cascadePeak -34.3%17 more markets
BASEDUSDT cascadePeak -41.5%JTOUSDT cascadePeak -23.8%BSBUSDT cascadePeak -39.7%PIPPINUSDT cascadePeak -29.4%RIVERUSDT cascadePeak -33.0%PLUMEUSDT crashPeak -27.4%GRASSUSDT crashPeak -23.0%BERAUSDT crashPeak -30.4%BICOUSDT crashPeak -25.4%REDUSDT crashPeak -24.6%GRVTUSDT crashPeak -23.8%4USDT crashPeak -29.1%DOSUSDT crashPeak -22.0%TSTUSDT crashPeak -29.2%EPICUSDT pumpPeak +33.3%MOVEUSDT crashPeak -22.5%0GUSDT crashPeak -23.5%More like this
ARCUSDT cascadePeak -64.3%1000RATSUSDT cascadePeak -58.6%USUSDT cascadePeak -65.1%More liquidation cascade events →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: 2026-08-22T05:00:15.865Z to 2026-08-23T09:00:15.866Z.
- Recorded baseline: $1.94. High: $2.135. End: $1.879.
- 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.
What the replay includes
Recorded streams
Order book (L2)2.0MTrades / tape151KLiquidations322Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
- NEARUSDT fell 18.1% at its peak, then round-tripped to finish 3.1% below its recorded baseline. 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 reported liquidation $194K.
- $694K force-liquidated in about a minute from 05:10 UTC.
- Capitulation wick of 8.0% at 05:11 UTC.
- Clawed back half of the move by 05:13 UTC.
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