TRAFrom

TRADOORUSDT liquidation cascade on June 4, 2026

TRADOORUSDT fell 17.2% at its peak, then round-tripped to finish 3.6% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-17.2%
Net move
-3.6%
Reported liquidations
$256K
Largest liquidation
$12K
Duration
4h 31m
Volume
$5.4M
Liquidation cascadeBinance
06-04 00:29 to 06-04 07:14 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-06-04 07:00 UTC.

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 0.98 of 1longs liquidated 98%liquidations $256Kcontagion cluster

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: 2026-06-04T01:36:38.528Z to 2026-06-04T06:06:58.719Z.
  • Recorded baseline: $0.4033. High: $0.452. End: $0.3887.
  • 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)230KTrades / tape67.5KLiquidations190Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots271
What you will see
  1. TRADOORUSDT fell 17.2% at its peak, then round-tripped to finish 3.6% below its recorded baseline. The event lasted 4h 31m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $256K liquidated, largest reported liquidation $12K.
  4. First reported liquidation in this archive at 01:46 UTC, longs liquidated.
  5. $132K force-liquidated in about a minute from 02:04 UTC.
  6. Capitulation wick of 3.0% at 02:13 UTC.
  7. Clawed back half of the move by 02:07 UTC.