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ONGFrom

ONGUSDT liquidation cascade on September 9, 2026

ONGUSDT fell as much as 23.5% and finished 14.0% below its recorded baseline.

Figures corrected 11 Oct 2026: measured from the window's first one-minute open (previously shown as -21.1% at the peak).

Investigate ONGUSDT →Research the setup at 20:10 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-23.5%
Net move
-14.0%
Reported liquidations
$455K
Largest liquidation
$42K
Duration
6h
Volume
$13.0M
Liquidation cascadeBinance
09-09 19:25 to 09-09 23:58 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-09 23:45 UTC.

Active span · Show full window →

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 · $97 shorts reported liquidated · $443K longs reported liquidated · contract OI -3.6% · -23.5%Funding hit extreme (negative)-0.050%Flash move-11.9%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $227KVolume climax$1.0MLiquidation burstlongs liquidated · $270K
5 more momentsLargest liquidationlongs liquidated · $42KLarge rejecting wick2.1%Low$0.07014After the extremeRetrospective phase · $3K shorts reported liquidated · $9K longs reported liquidated · contract OI -0.6% · +12.4%Recovered half50% retraced

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 0.99 of 1longs liquidated 99%liquidations $455Kcontagion cluster

Other ONGUSDT events

Examples, not a historical success rate.

Volatility spikePeak -16.6%Volatility spikePeak +8.9%Short squeezePeak +95.0%
3 more eventsVolatility spikePeak +129.3%CrashPeak -38.5%Short squeezePeak +38.0%
Browse all ONGUSDT events →

Similar events in other markets

12 other markets sold off in the same window, grouped because their order-flow toxicity (VPIN) moved together, not by price correlation.
LABLABUSDT cascadePeak -44.0%TUTTUTUSDT cascadePeak -34.1%SIRSIRENUSDT cascadePeak -37.3%
9 more marketsBEABEATUSDT cascadePeak -35.0%ESPESPORTSUSDT cascadePeak -36.3%BANBANKUSDT cascadePeak -27.1%VELVELVETUSDT cascadePeak -38.5%TRITRIAUSDT cascadePeak -21.7%COLCOLLECTUSDT cascadePeak -23.8%AIOAIOUSDT cascadePeak -21.6%TACTACUSDT crashPeak -27.6%HEIHEIUSDT crashPeak -29.0%
More like this
ARCARCUSDT cascadePeak -64.3%RAT1000RATSUSDT cascadePeak -58.6%USUSUSDT cascadePeak -65.1%
2 more eventsMINMINAUSDT cascadePeak -53.8%EPIEPICUSDT cascadePeak -49.5%
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: 2026-09-09T20:10:51.860Z to 2026-09-10T02:11:08.311Z.
  • Recorded baseline: $0.09166. High: $0.09205. End: $0.07884.
  • 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)384KTrades / tape87.6KLiquidations200Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. ONGUSDT fell as much as 23.5% and finished 14.0% below its recorded baseline. The event lasted 6h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. Moved with 12 other symbols in the same window: possible contagion.
  4. $455K liquidated, largest reported liquidation $42K.
  5. $270K force-liquidated in about a minute from 22:08 UTC.
  6. Capitulation wick of 2.1% at 22:09 UTC.
  7. Funding hit extreme (negative) at 21:51 UTC (-0.050%).
  8. Clawed back half of the move by 22:43 UTC.