ONEFrom

ONEUSDT liquidation cascade on September 22, 2026

ONEUSDT fell as much as 38.0% and finished 36.0% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-38.0%
Net move
-36.0%
Reported liquidations
$1.6M
Largest liquidation
$32K
Duration
48h
Volume
$347M
Liquidation cascadeBinance
09-22 11:35 to 09-25 11:35 UTC, including time outside the archive window · 30m candlesLow $0.0019128 · high $0.0042117
Key moments Modelled liquidation zones as of 11:25 UTC. Candle-based estimates, not observed liquidation orders.

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 0.65 of 1longs liquidated 65%liquidations $1.6Mchart pattern confirmed

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: 2026-09-22T23:35:00.000Z to 2026-09-24T23:35:00.000Z.
  • Recorded baseline: $0.0032679. High: $0.003333. End: $0.0020923.
  • Detected Sep 16, 2026 · 23:35 UTC. Episode baseline $0.0006661 at Sep 16, 2026 · 21:48 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)5.6MTrades / tape4.2MLiquidations3.0KLiquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. ONEUSDT fell as much as 38.0% and finished 36.0% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $1.6M liquidated, largest reported liquidation $32K.
  4. First reported liquidation in this archive at 23:41 UTC, shorts liquidated.
  5. Capitulation wick of 9.9% at 14:00 UTC.
  6. A double top broke out at 20:05 UTC.