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TLMFrom

TLMUSDT liquidation cascade on July 6, 2026

TLMUSDT fell as much as 20.5% and finished 18.1% below its recorded baseline.

Investigate TLMUSDT →Research the setup at 23:49 UTC →Arm this alert →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-20.5%
Net move
-18.1%
Reported liquidations
$533K
Largest liquidation
$45K
Duration
28h
Volume
$135M
Liquidation cascadeBinance
07-06 16:49 to 07-08 10:49 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-07-08 10:35 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.
First reported liquidationlongs liquidated · $127Fall to the lowRetrospective phase · contract OI unavailable · -20.8%Large rejecting wick3.0% of closeFlash move-10.6%Volume climax$3.1MLargest liquidationlongs liquidated · $45K
5 more momentsRange break with expanding participationDownward move · reference $0.00255 · trades 4.3×, volume 9.4× (5m average / prior 60m median) · known at 03:28:00 UTC close · $0.002482Low$0.002463Range brokenDownward move · reference $0.00255 · trades 4.3×, volume 9.4× (5m average / prior 60m median) · known at 03:28:00 UTC close · $0.002482After the extremeRetrospective phase · contract OI unavailable · +2.8%Back inside the broken rangeDownward move · reference $0.00255 · trades 1.3×, volume 1.9× (5m average / prior 60m median) · known at 03:41:00 UTC close · $0.002552

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 0.72 of 1longs liquidated 72%liquidations $533K

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: 2026-07-06T23:49:24.858Z to 2026-07-08T03:49:24.888Z.
  • Recorded baseline: $0.003097. High: $0.003624. End: $0.002537.
  • 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)2.3MTrades / tape473KLiquidations800Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots1.7K
What you will see
  1. TLMUSDT fell as much as 20.5% and finished 18.1% below its recorded baseline. The event lasted 28h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $533K liquidated, largest reported liquidation $45K.
  4. First reported liquidation in this archive at 23:49 UTC, longs liquidated.
  5. Capitulation wick of 3.0% at 15:38 UTC.