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PHAFrom

PHAUSDT liquidation cascade on May 26, 2026

PHAUSDT fell as much as 19.3% and finished 18.9% below its recorded baseline.

Investigate PHAUSDT →Research the setup at 23:00 UTC →Arm this alert →Current PHA liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-19.3%
Net move
-18.9%
Reported liquidations
$337K
Largest liquidation
$8K
Duration
28h 1m
Volume
$62.2M
Liquidation cascadeBinance
05-26 16:00 to 05-28 10:00 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-05-28 09:50 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.
Fall to the lowRetrospective phase · contract OI unavailable · -18.8%First reported liquidationlongs liquidated · $265Large rejecting wick1.1% of closeFlash move-2.0%Volume climax$1.1MLargest liquidationlongs liquidated · $8K
4 more momentsFunding flipped positive+0.005%Range brokenDownward move · reference $0.04769 · trades 2.1×, volume 4.1× (5m average / prior 60m median) · known at 11:50:00 UTC close · $0.04733Back inside the broken rangeDownward move · reference $0.04769 · trades 1.6×, volume 3.0× (5m average / prior 60m median) · known at 12:03:00 UTC close · $0.04799Low$0.04368

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 0.75 of 1longs liquidated 75%liquidations $337K

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: 2026-05-26T23:00:21.519Z to 2026-05-28T03:00:51.511Z.
  • Recorded baseline: $0.0541. High: $0.05601. End: $0.0439.
  • 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)2.3MTrades / tape260KLiquidations427Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots1.7K
What you will see
  1. PHAUSDT fell as much as 19.3% and finished 18.9% below its recorded baseline. The event lasted 28h 1m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $337K liquidated, largest reported liquidation $8K.
  4. First reported liquidation in this archive at 23:07 UTC, longs liquidated.
  5. Capitulation wick of 1.1% at 04:10 UTC.
  6. Funding flipped positive at 08:47 UTC (+0.005%).