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SPXUSDT volatility spike on September 4, 2026

SPXUSDT rallied 13.5% at its peak, then reversed to finish 0.4% below its recorded baseline.

Archive corrected 2026-09-14. Earlier saved analyses may use the previous window or prices.

Order-book recording: 4 brief interruptions, 231.1 seconds in total.

Replay resumes from recorded snapshots. Treat order-book measurements within these intervals as unavailable; the event remains available.

  • 2026-09-04T13:44:29.822Z to 2026-09-04T13:45:30.013Z.
  • 2026-09-04T13:48:29.513Z to 2026-09-04T13:49:30.016Z.
  • 2026-09-04T13:53:39.809Z to 2026-09-04T13:54:30.011Z.
  • 2026-09-04T23:59:59.866Z to 2026-09-05T00:01:00.028Z.
Investigate SPXUSDT →Research the setup at 06:53 UTC →Arm this alert →Current SPX liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
+13.5%
Net move
-0.4%
Reported liquidations
$138K
Largest liquidation
$25K
Duration
17h 15m
Volume
$34.6M
Volatility spikeBinance
09-04 02:34 to 09-05 04:26 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-05 04:15 UTC.

Full window · Show active span →

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.
Rise to the highRetrospective phase · $16K shorts reported liquidated · $208 longs reported liquidated · contract OI +8.8% · +13.5%Pattern breakdouble bottom · 100%VPIN spike0.39High$0.6776After the extremeRetrospective phase · $28K shorts reported liquidated · $93K longs reported liquidated · contract OI -11.2% · -12.2%OI peak$9.8M
6 more momentsLargest long-liquidation minuteReported total over one minute; selected retrospectively · $35KLargest liquidationlongs liquidated · $25KLargest short-liquidation minuteReported total over one minute; selected retrospectively · $15KFlash move-4.4%Volume climax$827KGave back half54% retraced

Research markers

Why the volatility spike label?

Volatility spike describes the recorded price move. It does not identify its cause.

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: 2026-09-04T06:53:00.000Z to 2026-09-05T00:08:00.000Z.
  • Recorded baseline: $0.5971. High: $0.6776. End: $0.595.
  • The volatility spike 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)1.0MTrades / tape129KLiquidations153Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots1.0K
What you will see
  1. SPXUSDT rallied 13.5% at its peak, then reversed to finish 0.4% below its recorded baseline. The event lasted 17h 15m.
  2. $138K liquidated, largest reported liquidation $25K.
  3. Open interest peaked at $9.8M (10:14 UTC) before the unwind.
  4. A double bottom broke out at 06:54 UTC (100% confidence).
  5. Gave back half of the move by 12:31 UTC.
  6. No cause was auto-detected for this move; replay the order book and tape to read it yourself.