From
TRIAUSDT liquidation cascade on September 9, 2026
TRIAUSDT fell 21.7% at its peak, then round-tripped to finish 6.1% below its recorded baseline.
Free replays cover the last 7 days and selected events.
- Peak move
- -21.7%
- Net move
- -6.1%
- Reported liquidations
- $281K
- Largest liquidation
- $35K
- Duration
- 4h 38m
- Volume
- $4.3M
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.4 more moments
Largest long-liquidation minuteReported total over one minute; selected retrospectively · $135KAfter the extremeRetrospective phase · $2K shorts reported liquidated · $142K longs reported liquidated · contract OI -3.6% · +19.9%Largest liquidationlongs liquidated · $35KRecovered half50% retracedResearch 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 0.99 of 1longs liquidated 99%liquidations $281Kcontagion cluster
Other TRIAUSDT events
Examples, not a historical success rate.
PumpPeak +32.4%CrashPeak -23.6%CrashPeak -29.1%1 more events
PumpPeak +33.3%Similar events in other markets
12 other markets sold off in the same window, grouped because their order-flow toxicity (VPIN) moved together, not by price correlation.
LABUSDT cascadePeak -44.0%TUTUSDT cascadePeak -34.1%SIRENUSDT cascadePeak -37.3%9 more markets
BEATUSDT cascadePeak -35.0%ESPORTSUSDT cascadePeak -36.3%ONGUSDT cascadePeak -23.5%BANKUSDT cascadePeak -27.1%VELVETUSDT cascadePeak -38.5%COLLECTUSDT cascadePeak -23.8%AIOUSDT cascadePeak -21.6%TACUSDT crashPeak -27.6%HEIUSDT crashPeak -29.0%More like this
ARCUSDT cascadePeak -64.3%1000RATSUSDT cascadePeak -58.6%USUSDT cascadePeak -65.1%More liquidation cascade events →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: 2026-09-09T21:40:51.880Z to 2026-09-10T02:19:08.292Z.
- Recorded baseline: $0.003838. High: $0.003929. End: $0.003603.
- 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.
What the replay includes
Recorded streams
Order book (L2)183KTrades / tape44.6KLiquidations99Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
- TRIAUSDT fell 21.7% at its peak, then round-tripped to finish 6.1% below its recorded baseline. The event lasted 4h 38m.
- Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
- Moved with 12 other symbols in the same window: possible contagion.
- $281K liquidated, largest reported liquidation $35K.
- $245K force-liquidated in about a minute from 22:08 UTC.
- Capitulation wick of 1.3% at 22:08 UTC.
- Clawed back half of the move by 22:20 UTC.
Binance