From
TUTUSDT liquidation cascade on September 9, 2026
TUTUSDT fell 34.1% at its peak, then round-tripped to finish 9.9% below its recorded baseline.
Free replays cover the last 7 days and selected events.
- Peak move
- -34.1%
- Net move
- -9.9%
- Reported liquidations
- $558K
- Largest liquidation
- $55K
- Duration
- 6h
- Volume
- $13.9M
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.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 0.99 of 1longs liquidated 99%liquidations $558Kcontagion cluster
Other TUTUSDT events
Examples, not a historical success rate.
Liquidation cascadePeak -22.4%Liquidation cascadePeak -36.0%CrashPeak -13.8%Browse all TUTUSDT events →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%SIRENUSDT cascadePeak -37.3%BEATUSDT cascadePeak -35.0%9 more markets
ESPORTSUSDT cascadePeak -36.3%ONGUSDT cascadePeak -23.5%BANKUSDT cascadePeak -27.1%VELVETUSDT cascadePeak -38.5%TRIAUSDT cascadePeak -21.7%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: 2026-09-09T20:10:51.851Z to 2026-09-10T02:11:08.292Z.
- Recorded baseline: $0.02276. High: $0.02311. End: $0.0205.
- 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)266KTrades / tape69.3KLiquidations151Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
- TUTUSDT fell 34.1% at its peak, then round-tripped to finish 9.9% below its recorded baseline. The event lasted 6h.
- Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
- Moved with 12 other symbols in the same window: possible contagion.
- $558K liquidated, largest reported liquidation $55K.
- $431K force-liquidated in about a minute from 22:08 UTC.
- Capitulation wick of 10.0% at 22:09 UTC.
- Funding hit extreme (negative) at 22:12 UTC (-0.053%).
- Clawed back half of the move by 22:10 UTC.
Binance