edgedepthEARLY ACCESSSign in
Menu
Terminal
Recent moves
ResearchResearch hubResearch WorkbenchInvestigate a moveLiquidation mapsPublished reportsDaily movesEvent archiveSaved studiesLive alertsMarketsData coverage
LearnGuidesReading libraryWorked examplesGuided lessonsFAQ
DevelopersAPI documentationMCP setupConnect an AI agentOpen source
Pricing
QFrom

QUSDT crash on October 23, 2026

QUSDT fell as much as 42.3% and finished 33.7% below its recorded baseline.

Investigate QUSDT →Research the setup at 13:01 UTC →Arm this alert →Current Q liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

The replay covers Oct 23 13:04 to Oct 24 18:23 UTC, the main stretch of the move.

Peak move
-42.3%
Net move
-33.7%
Reported liquidations
$1.7M
Largest liquidation
$30K
Duration
48h 19m
Volume
$200M
CrashBinance
10-23 00:56 to 10-26 01:24 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-26 01:10 UTC.

Key moments

Times in UTC. Select one inside the replay window 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 · $740K shorts reported liquidated · $651K longs reported liquidated · contract OI +7.1% · -42.3%
Large rejecting wick3.7% of closeLargest long-liquidation minuteReported total over one minute; selected retrospectively · $91KFlash move+9.0%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $134KLargest liquidationshorts liquidated · $30K
6 more momentsRange break with expanding participationDownward move · reference $0.08406 · trades 3.8×, volume 3.8× (5m average / prior 60m median) · known at 08:49:00 UTC close · $0.08306Range brokenDownward move · reference $0.08406 · trades 3.8×, volume 3.8× (5m average / prior 60m median) · known at 08:49:00 UTC close · $0.08306Volume climax$1.5MHalf the extension retracedDownward move · reference $0.07869 · trades 1.8×, volume 1.6× (5m average / prior 60m median) · known at 09:06:00 UTC close · $0.08169Low$0.06831After the extremeRetrospective phase · $130K shorts reported liquidated · $150K longs reported liquidated · contract OI +9.2% · +14.8%

Research markers

Why the crash label?

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

No cause signal cleared the confidence threshold in this window; labelled by price shape only.

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: 2026-10-23T13:04:00.000Z to 2026-10-24T18:23:00.000Z.
  • Event window: 2026-10-23T13:01:00.000Z to 2026-10-25T13:20:00.000Z. The figures on this page cover the whole event; the replay was trimmed to the main stretch of the move.
  • Recorded baseline: $0.118363. High: $0.12257. End: $0.078424.
  • Detected Oct 25, 2026 · 07:20 UTC. Episode baseline $0.1184 at Oct 23, 2026 · 13:01 UTC.
  • The crash 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

The replay covers Oct 23 13:04 to Oct 24 18:23 UTC, the main stretch of the move. The figures above cover the whole event.

Recorded streams
Order book (L2)3.2MTrades / tape2.9MLiquidations1.1KLiquidation heatmapVPIN / toxicityOI & positioningFull snapshots1.8K
What you will see
  1. QUSDT fell as much as 42.3% and finished 33.7% below its recorded baseline. The event lasted 48h 19m.
  2. $1.7M liquidated, largest reported liquidation $30K.
  3. Capitulation wick of 3.7% at 16:28 UTC.
  4. No cause was auto-detected for this move; replay the order book and tape to read it yourself.