PIPPINUSDT fell 29.4% intraperiod, then round-tripped to finish 7.9% below its starting price.

PEAK MOVE -29.4% · NET MOVE -7.9% · TOTAL LIQUIDATED $321K · MAX SINGLE LIQ $36K · DURATION 4h 30m · VOLUME $7.4M

Liquidation cascade

PEAK-29.4%PIPPINUSDT · BINANCEF · 5M

WHY THIS LABEL

confidence 1.00longs liquidated 100%liquidations $321Kcontagion cluster

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

04:50 UTCFirst forced-selllongs liquidated · $108▶ REPLAY 05:10 UTCCapitulation wick26.7%▶ REPLAY 05:10 UTCLow$0.01485▶ REPLAY 05:12 UTCLargest liquidationlongs liquidated · $36K▶ REPLAY

DATA INCLUDED IN THIS REPLAY

Order book (L2)184KTrades / tape39.3KLiquidations103Liquidation heatmapVPIN / toxicityOI & positioning

WHAT YOU'LL SEE IN THE REPLAY

PIPPINUSDT fell 29.4% intraperiod, then round-tripped to finish 7.9% below its starting price. The event lasted 4h 30m.
Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
Moved with 19 other symbols in the same window: possible contagion.
$321K liquidated, largest single fill $36K.
First forced-sell at 04:50 UTC, longs liquidated.
Capitulation wick of 26.7% at 05:10 UTC.