PHAUSDTLiquidation cascadeMAY 26, 2026 · 23:00 UTC · BINANCEFPHAUSDT fell as much as 19.3% and finished 18.9% below its starting price.
PEAK MOVE -19.3% · NET MOVE -18.9% · TOTAL LIQUIDATED $337K · MAX SINGLE LIQ $8K · DURATION 28h 1m · VOLUME $62.2M
Liquidation cascade
PEAK-19.3%PHAUSDT · BINANCEF · 30MWHY THIS LABEL
confidence 0.75longs liquidated 75%liquidations $337K
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 liquidation cascade 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
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▶ REPLAYDATA INCLUDED IN THIS REPLAY
Order book (L2)2.3MTrades / tape260KLiquidations427Liquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
- PHAUSDT fell as much as 19.3% and finished 18.9% below its starting price. The event lasted 28h 1m.
- Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
- $337K liquidated, largest single fill $8K.
- First forced-sell at 23:07 UTC, longs liquidated.
- Funding flipped positive at 08:47 UTC (+0.005%).
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READS EVERY TRACKED FEATURE AT 23:00 UTC · PROPOSES A DEFINITION
