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 53.4% and finished 51.8% below its recorded baseline.

Investigate QUSDT →Research the setup at 14:05 UTC →Arm this alert →Current Q liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-53.4%
Net move
-51.8%
Reported liquidations
$2.1M
Largest liquidation
$30K
Duration
58h 10m
Volume
$303M
CrashBinance
10-22 23:32 to 10-26 14:47 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-26 14:35 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 · $901K shorts reported liquidated · $1.0M longs reported liquidated · contract OI +30.1% · -53.4%Largest 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 · $30KRange brokenDownward move · reference $0.07785 · trades 2.9×, volume 3.9× (5m average / prior 60m median) · known at 14:30:00 UTC close · $0.07741
6 more momentsRange break with expanding participationDownward move · reference $0.07785 · trades 4.1×, volume 5.1× (5m average / prior 60m median) · known at 14:31:00 UTC close · $0.07646Half the extension retracedDownward move · reference $0.06915 · trades 12.4×, volume 13.8× (5m average / prior 60m median) · known at 14:42:00 UTC close · $0.07503Large rejecting wick3.7% of closeLow$0.0554Volume climax$1.4MAfter the extremeRetrospective phase · $110K shorts reported liquidated · $83K longs reported liquidated · contract OI -2.1% · +3.3%

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: 2026-10-23T14:05:00.000Z to 2026-10-26T00:15:00.000Z.
  • Recorded baseline: $0.118793. High: $0.12257. End: $0.057237.
  • Detected Oct 25, 2026 · 14:39 UTC. Episode baseline $0.1188 at Oct 23, 2026 · 14:05 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
Recorded streams
Order book (L2)6.4MTrades / tape4.7MLiquidations1.7KLiquidation heatmapVPIN / toxicityOI & positioningFull snapshots3.5K
What you will see
  1. QUSDT fell as much as 53.4% and finished 51.8% below its recorded baseline. The event lasted 58h 10m.
  2. $2.1M liquidated, largest reported liquidation $30K.
  3. Capitulation wick of 3.7% at 14:49 UTC.
  4. No cause was auto-detected for this move; replay the order book and tape to read it yourself.