TAGFrom

TAGUSDT liquidation cascade on July 8, 2026

TAGUSDT fell as much as 62.1% and finished 44.0% below its recorded baseline.

Figures corrected 11 Oct 2026: measured from the window's first one-minute open (previously shown as -59.2% at the peak).

Free replays cover the last 7 days and selected events.

Peak move
-62.1%
Net move
-44.0%
Reported liquidations
$673K
Largest liquidation
$35K
Duration
6h
Volume
$23.7M
Liquidation cascadeBinance
07-08 10:35 to 07-08 19:35 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-07-08 19:25 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.
First reported liquidationlongs liquidated · $93Flash move-18.3%Largest liquidationlongs liquidated · $35KVolume climax$1.0MLarge rejecting wick5.5% of closeLow$0.000323

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 0.75 of 1longs liquidated 75%liquidations $673K

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: 2026-07-08T12:05:24.857Z to 2026-07-08T18:05:24.857Z.
  • Recorded baseline: $0.000853. High: $0.000856. End: $0.000478.
  • 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)362KTrades / tape108KLiquidations563Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots361
What you will see
  1. TAGUSDT fell as much as 62.1% and finished 44.0% below its recorded baseline. The event lasted 6h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $673K liquidated, largest reported liquidation $35K.
  4. First reported liquidation in this archive at 13:02 UTC, longs liquidated.
  5. Capitulation wick of 5.5% at 15:48 UTC.