PHAUSDTLiquidation cascadeMAY 26, 2026 · 23:00 UTC · BINANCEFPHAUSDT crashed 18.9% in 24h window from $0.0541 to $0.0439 (peak: $0.05601) over 28h
Liquidation cascade
-19.3%PHAUSDT · BINANCEF · 30MWHY THIS LABEL
confidence 0.75longs liquidated 75%liquidations $337K
WHAT YOU'LL SEE IN THE REPLAY
1A -19.3% sell-off over 28h 1m.
2Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
3$337K liquidated, largest single fill $8K.
4First forced-sell at 23:07 UTC, longs liquidated.
5Funding flipped positive at 08:47 UTC (+0.005%).
KEY MOMENTS
23:07 UTCFirst forced-selllongs liquidated · $265▶ REPLAY04:30 UTCVolume climax$2.7M▶ REPLAY04:30 UTCLargest liquidationlongs liquidated · $8K▶ REPLAY08:47 UTCFunding flipped positive+0.005%▶ REPLAY03:00 UTCLow$0.04366▶ REPLAY
EACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
