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QUSDT liquidation cascade on September 28, 2026

QUSDT fell as much as 35.6% and finished 26.6% below its recorded baseline.

Investigate QUSDT →Research the setup at 06:57 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-35.6%
Net move
-26.6%
Reported liquidations
$715K
Largest liquidation
$10K
Duration
48h
Volume
$174M
Liquidation cascadeBinance
09-27 18:57 to 09-30 18:57 UTC, including time outside the archive window · 30m candlesLow $0.020665 · high $0.0366
Key moments Modelled liquidation zones as of 18:45 UTC. Candle-based estimates, not observed liquidation orders.

Key moments

Times in UTC. Select one to replay from that minute.
First reported liquidationshorts liquidated · $42Capitulation wick5.5%Largest liquidationlongs liquidated · $10KLow$0.02066

Research markers

Why the liquidation cascade label?

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

Label confidence 0.80 of 1longs liquidated 80%liquidations $715K

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: 2026-09-28T06:57:00.000Z to 2026-09-30T06:57:00.000Z.
  • Recorded baseline: $0.032104. High: $0.035264. End: $0.023556.
  • Detected Sep 26, 2026 · 06:57 UTC. Episode baseline $0.02451 at Sep 25, 2026 · 21:03 UTC.
  • The liquidation cascade 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)5.8MTrades / tape3.5MLiquidations845Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. QUSDT fell as much as 35.6% and finished 26.6% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $715K liquidated, largest reported liquidation $10K.
  4. First reported liquidation in this archive at 07:05 UTC, shorts liquidated.
  5. Capitulation wick of 5.5% at 09:00 UTC.