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OPNFrom

OPNUSDT short squeeze on June 4, 2026

OPNUSDT rose 42.8% at its peak, then round-tripped to finish 14.5% above its recorded baseline.

Figures corrected 11 Oct 2026: measured from the window's first one-minute open (previously shown as +54.7% at the peak).

Investigate OPNUSDT →Research the setup at 14:09 UTC →Arm this alert →Current OPN liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
+42.8%
Net move
+14.5%
Reported liquidations
$1.8M
Largest liquidation
$19K
Duration
12h
Volume
$266M
Short squeezeBinance
06-04 11:09 to 06-05 05:09 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-06-05 04:55 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.
Rise to the highRetrospective phase · contract OI unavailable · +43.4%First reported liquidationshorts liquidated · $12Volume climax$3.3MFlash move+5.4%Largest liquidationshorts liquidated · $19KLarge rejecting wick2.7% of close
4 more momentsOI peak$28.4MHigh$0.318After the extremeRetrospective phase · contract OI unavailable · -19.6%Gave back half53% retraced

Research markers

Why the short squeeze label?

These observations support the label. They do not show what caused the move or who started it.

Label confidence 0.66 of 1shorts liquidated 66%liquidations $1.8M

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: 2026-06-04T14:09:58.719Z to 2026-06-05T02:09:58.719Z.
  • Recorded baseline: $0.2227. High: $0.318. End: $0.255.
  • The short squeeze 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)1.3MTrades / tape561KLiquidations1.6KLiquidation heatmapVPIN / toxicityOI & positioningFull snapshots715
What you will see
  1. OPNUSDT rose 42.8% at its peak, then round-tripped to finish 14.5% above its recorded baseline. The event lasted 12h.
  2. Liquidations skewed to the short side: a short squeeze, not just a move.
  3. $1.8M liquidated, largest reported liquidation $19K.
  4. First reported liquidation in this archive at 14:10 UTC, shorts liquidated.
  5. Capitulation wick of 2.7% at 20:51 UTC.
  6. Open interest peaked at $28.4M (20:56 UTC) before the unwind.
  7. Gave back half of the move by 22:16 UTC.