RAVFrom

RAVEUSDT liquidation cascade on April 25, 2026

RAVEUSDT fell 20.4% at its peak, then round-tripped to finish 3.8% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-20.4%
Net move
-3.8%
Reported liquidations
$327K
Largest liquidation
$26K
Duration
6h
Volume
$80.9M
Liquidation cascadeBinance
04-25 12:41 to 04-25 19:35 UTC, including time outside the archive window · 5m candlesLow $0.71 · high $0.919
Key moments Modelled liquidation zones as of 19:25 UTC. Candle-based estimates, not observed liquidation orders.

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 0.67 of 1longs liquidated 67%liquidations $327K

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: 2026-04-25T13:50:01.546Z to 2026-04-25T19:50:01.546Z.
  • Recorded baseline: $0.8921. High: $0.919. End: $0.8582.
  • 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)379KTrades / tape251KLiquidations360Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. RAVEUSDT fell 20.4% at its peak, then round-tripped to finish 3.8% below its recorded baseline. The event lasted 6h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $327K liquidated, largest reported liquidation $26K.
  4. First reported liquidation in this archive at 13:55 UTC, shorts liquidated.
  5. $128K force-liquidated in about a minute from 15:49 UTC.
  6. Capitulation wick of 2.4% at 15:55 UTC.
  7. Clawed back half of the move by 16:15 UTC.