SPACEUSDTLiquidation cascadeJUN 11, 2026 · 12:20 UTC · BINANCEFSPACEUSDT fell as much as 31.4% and finished 17.3% below its starting price.
PEAK MOVE -31.4% · NET MOVE -17.3% · TOTAL LIQUIDATED $286K · MAX SINGLE LIQ $9K · DURATION 4h 30m · VOLUME $48.7M
WHY THIS LABEL
confidence 0.73longs liquidated 73%liquidations $286K
HOW THIS EVENT IS MEASURED
Peak move is the largest signed price excursion from the event's starting price. Net move is the start-to-finish change. The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.
Data provenance and methodology →KEY MOMENTSEACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
12:21 UTCFirst forced-selllongs liquidated · $49▶ REPLAY12:48 UTCOI peak$5.0M▶ REPLAY12:50 UTCFlash move-17.3%▶ REPLAY12:50 UTCVolume climax$8.6M▶ REPLAY12:51 UTCLargest liquidationlongs liquidated · $9K▶ REPLAY13:15 UTCCapitulation wick5.2%▶ REPLAY13:15 UTCLow$0.006727▶ REPLAY14:20 UTCRecovered half53% retraced▶ REPLAYDATA INCLUDED IN THIS REPLAY
Order book (L2)515KTrades / tape376KLiquidations281Liquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
- SPACEUSDT fell as much as 31.4% and finished 17.3% below its starting price. The event lasted 4h 30m.
- Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
- $286K liquidated, largest single fill $9K.
- First forced-sell at 12:21 UTC, longs liquidated.
- Capitulation wick of 5.2% at 13:15 UTC.
- Open interest peaked at $5.0M (12:48 UTC) before the unwind.
- Clawed back half of the move by 14:20 UTC.
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READS EVERY TRACKED FEATURE AT 12:20 UTC · PROPOSES A DEFINITION
