QFrom

QUSDT liquidation cascade on October 30, 2026

QUSDT fell as much as 44.4% and finished 29.4% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-44.4%
Net move
-29.4%
Reported liquidations
$634K
Largest liquidation
$12K
Duration
10h 49m
Volume
$126M
Liquidation cascadeBinance
10-30 19:40 to 10-31 11:54 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-31 11:40 UTC.

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 0.76 of 1longs liquidated 76%liquidations $634K

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: 2026-10-30T22:23:00.000Z to 2026-10-31T09:12:00.000Z.
  • Recorded baseline: $0.04714. High: $0.05. End: $0.03329.
  • Detected Oct 31, 2026 · 00:13 UTC. Episode baseline $0.04714 at Oct 30, 2026 · 22:23 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)1.3MTrades / tape747KLiquidations834Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots650
What you will see
  1. QUSDT fell as much as 44.4% and finished 29.4% below its recorded baseline. The event lasted 10h 49m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $634K liquidated, largest reported liquidation $12K.
  4. Capitulation wick of 4.9% at 02:46 UTC.
  5. Funding flipped negative at 01:48 UTC (-0.006%).