edgedepthEARLY ACCESSSign in
Menu
Terminal
ResearchResearch hubResearch WorkbenchInvestigate a movePublished reportsDaily briefEvent archiveSaved studiesLive alertsMarketsData coverage
LearnGuidesReading libraryWorked examplesGuided lessonsFAQ
DevelopersAPI documentationMCP setupConnect an AI agentOpen source
Pricing
PERMALINK 20260812_020128_TSTUSDT
TSTTSTUSDTLiquidation cascadeAUG 11, 2026 · 00:01 UTC · BINANCEF

TSTUSDT fell as much as 25.5% and finished 24.2% below its starting price.

PEAK MOVE -25.5% · NET MOVE -24.2% · TOTAL LIQUIDATED $343K · MAX SINGLE LIQ $6K · DURATION 28h · VOLUME $48.7M
KEY MOMENT · CLICK TO REPLAY MODELLED LIQ FUEL AS OF 10:50 UTC
Liquidation cascade
PEAK-25.5%TSTUSDT · BINANCEF · 30M
WHY THIS LABEL
confidence 0.79longs liquidated 79%liquidations $343Kchart pattern confirmed
HOW THIS EVENT IS MEASURED

Peak move is the largest signed price excursion from the event's starting price. Net move is the start-to-finish change. The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

Data provenance and methodology →
KEY MOMENTSEACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
00:04 UTCFirst forced-sellshorts liquidated · $5▶ REPLAY00:51 UTCPattern breakdouble bottom▶ REPLAY01:45 UTCCapitulation wick4.3%▶ REPLAY06:04 UTCLargest liquidationlongs liquidated · $6K▶ REPLAY03:15 UTCLow$0.01435▶ REPLAY

Research markers

Loading research markers…

DATA INCLUDED IN THIS REPLAY
Order book (L2)1.9MTrades / tape208KLiquidations510Liquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
  1. TSTUSDT fell as much as 25.5% and finished 24.2% below its starting price. The event lasted 28h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $343K liquidated, largest single fill $6K.
  4. First forced-sell at 00:04 UTC, shorts liquidated.
  5. Capitulation wick of 4.3% at 01:45 UTC.
  6. A double bottom broke out at 00:51 UTC.
🔒 Upgrade to replay the full archive
FREE COVERS THE LAST 7 DAYS + FREE PICKS · PRO UNLOCKS ALL ARCHIVED
⌖ Research the setup at 00:01
READ THE MARKET STATE HERE · CHOOSE THE CONDITIONS · FIND EVERY MATCH