ONGUSDT liquidation cascade on September 9, 2026

ONGUSDT fell as much as 21.1% and finished 11.3% below its recorded baseline.

This is one archived move. Explore the latest recorded state, then compare other events for this market.

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PEAK MOVE: -21.1%
NET MOVE: -11.3%
OBSERVED LIQUIDATIONS: $455K
LARGEST REPORTED LIQ: $42K
DURATION: 6h
VOLUME: $13.0M

Liquidation cascadeONGUSDT · BINANCEF · 5M

09-09 18:40 to 09-10 03:41 UTC · 5m candlesVisible low $0.07014 · high $0.09319. Chart includes context outside the archive window.

Archived key moments · Select a diamond to replay Modelled liquidation zones · As of 03:30 UTCCandle-based estimates, not observed liquidation orders.

How much did ONGUSDT move?

Peak and net percentages use the recorded price baseline. For automated events, this can differ from the price at the start of the replay window. The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

Replay window: 2026-09-09T20:10:51.860Z to 2026-09-10T02:11:08.311Z. Recorded baseline: $0.08889. High: $0.09205. End: $0.07884. Liquidation figures describe reported venue snapshots; omitted orders are not reconstructed here. Price-extreme and wick times mark source candle buckets, not exact ticks.

Data provenance and methodology →

Why is this classified as liquidation cascade?

These recorded observations support the classification. They do not establish what caused the move or identify its initiators.

confidence 0.99longs liquidated 99%liquidations $455Kcontagion cluster

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

20:29 UTCFirst reported liquidationlongs liquidated · $573▶ REPLAY 22:05 UTCCapitulation wick6.2%▶ REPLAY 22:05 UTCLow$0.07014▶ REPLAY 22:08 UTCLargest liquidationlongs liquidated · $42K▶ REPLAY

Research markers

Recorded conditions around this move. Learn what each reading measures, inspect its evidence, or replay the moment.

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DATA INCLUDED IN THIS REPLAY

Order book (L2)384KTrades / tape87.6KLiquidations200Liquidation heatmapVPIN / toxicityOI & positioning

WHAT YOU'LL SEE IN THE REPLAY

ONGUSDT fell as much as 21.1% and finished 11.3% below its recorded baseline. The event lasted 6h.
Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
Moved with 12 other symbols in the same window: possible contagion.
$455K liquidated, largest reported liquidation $42K.
First reported liquidation in this archive at 20:29 UTC, longs liquidated.
Capitulation wick of 6.2% at 22:05 UTC.