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SOPFrom

SOPHUSDT liquidation cascade on September 8, 2026

SOPHUSDT fell as much as 32.6% and finished 26.8% below its recorded baseline.

Figures corrected 11 Oct 2026: measured from the window's first one-minute open (previously shown as -27.0% at the peak).

Investigate SOPHUSDT →Research the setup at 19:48 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-32.6%
Net move
-26.8%
Reported liquidations
$1.1M
Largest liquidation
$20K
Duration
28h
Volume
$202M
Liquidation cascadeBinance
09-08 12:48 to 09-10 06:48 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-10 06:35 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 · $187K shorts reported liquidated · $952K longs reported liquidated · contract OI -10.7% · -32.3%Pattern breakdouble bottom · 78%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $31KOI peak$13.6MLarge rejecting wick3.5%Volume climax$1.6M
5 more momentsFlash move-5.2%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $133KLargest liquidationlongs liquidated · $20KLow$0.003899After the extremeRetrospective phase · $1K shorts reported liquidated · $2K longs reported liquidated · contract OI +2.6% · +8.3%

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 0.84 of 1longs liquidated 84%liquidations $1.1Mchart pattern confirmed

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: 2026-09-08T19:48:21.827Z to 2026-09-09T23:48:21.828Z.
  • Recorded baseline: $0.005786. High: $0.006138. End: $0.004238.
  • 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)3.0MTrades / tape869KLiquidations1.2KLiquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. SOPHUSDT fell as much as 32.6% and finished 26.8% below its recorded baseline. The event lasted 28h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $1.1M liquidated, largest reported liquidation $20K.
  4. Capitulation wick of 3.5% at 14:00 UTC.
  5. Open interest peaked at $13.6M (09:16 UTC) before the unwind.
  6. A double bottom broke out at 21:09 UTC (78% confidence).