ONUSDTCrashAPR 23, 2026 · 11:38 UTC · BINANCEFONUSDT fell as much as 21.7% and finished 16.9% below its starting price.
PEAK MOVE -21.7% · NET MOVE -16.9% · TOTAL LIQUIDATED $101K · MAX SINGLE LIQ $6K · DURATION 4h 31m · VOLUME $10.0M
WHY THIS LABEL
No cause signal in range — shape only; replay to judge it.
HOW THIS EVENT IS MEASURED
Peak move is the largest signed price excursion from the event's starting price. Net move is the start-to-finish change. The crash label describes the detected event class, so a later reversal changes the net move without silently changing the classification.
Data provenance and methodology →KEY MOMENTSEACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
11:38 UTCFirst forced-selllongs liquidated · $198▶ REPLAY12:10 UTCFlash move-13.7%▶ REPLAY12:15 UTCLow$0.1286▶ REPLAY12:15 UTCVolume climax$1.8M▶ REPLAY12:17 UTCLargest liquidationshorts liquidated · $6K▶ REPLAY12:25 UTCRecovered half53% retraced▶ REPLAY12:50 UTCCapitulation wick4.7%▶ REPLAYDATA INCLUDED IN THIS REPLAY
Order book (L2)226KTrades / tape50.2KLiquidations139Liquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
- ONUSDT fell as much as 21.7% and finished 16.9% below its starting price. The event lasted 4h 31m.
- $101K liquidated, largest single fill $6K.
- First forced-sell at 11:38 UTC, longs liquidated.
- Capitulation wick of 4.7% at 12:50 UTC.
- Clawed back half of the move by 12:25 UTC.
- No cause was auto-detected for this move; replay the order book and tape to read it yourself.
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READS EVERY TRACKED FEATURE AT 11:38 UTC · PROPOSES A DEFINITION
