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

NEARUSDT liquidation cascade on October 16, 2026

NEARUSDT fell as much as 4.5% and finished 2.6% below its recorded baseline.

Investigate NEARUSDT →Research the setup at 01:10 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-4.5%
Net move
-2.6%
Reported liquidations
$638K
Largest liquidation
$197K
Duration
6h 36m
Volume
$194M
Liquidation cascadeBinance
10-15 23:31 to 10-16 09:25 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-16 09:15 UTC.

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 · $6K shorts reported liquidated · $209K longs reported liquidated · contract OI -0.3% · -4.5%Range brokenDownward move · reference $5.228 · trades 1.9×, volume 3.0× (5m average / prior 60m median) · known at 03:34:00 UTC close · $5.207Back inside the broken rangeDownward move · reference $5.228 · trades 2.2×, volume 3.5× (5m average / prior 60m median) · known at 03:35:00 UTC close · $5.229Low$5.112Volume climax$8.6MAfter the extremeRetrospective phase · $174K shorts reported liquidated · $249K longs reported liquidated · contract OI -0.3% · +2.0%
4 more momentsRecovered half53% retracedLargest short-liquidation minuteReported total over one minute; selected retrospectively · $128KLargest long-liquidation minuteReported total over one minute; selected retrospectively · $197KLargest liquidationlongs liquidated · $197K

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 0.58 of 1longs liquidated 72%liquidations $638K

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: 2026-10-16T01:10:00.000Z to 2026-10-16T07:46:00.000Z.
  • Recorded baseline: $5.354. High: $5.391. End: $5.216.
  • Detected Oct 16, 2026 · 01:11 UTC. Episode baseline $5.354 at Oct 16, 2026 · 01:10 UTC.
  • 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)696KTrades / tape67.2KLiquidations126Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots397
What you will see
  1. NEARUSDT fell as much as 4.5% and finished 2.6% below its recorded baseline. The event lasted 6h 36m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $638K liquidated, largest reported liquidation $197K.
  4. Clawed back half of the move by 04:19 UTC.