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USFrom

USUSDT liquidation cascade on September 27, 2026

USUSDT fell as much as 37.6% and finished 36.1% below its recorded baseline.

Investigate USUSDT →Research the setup at 22:00 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-37.6%
Net move
-36.1%
Reported liquidations
$405K
Largest liquidation
$25K
Duration
48h
Volume
$155M
Liquidation cascadeBinance
09-27 10:00 to 09-30 10:00 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-30 09:50 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.
Fall to the lowRetrospective phase · $111K shorts reported liquidated · $268K longs reported liquidated · contract OI +9.8% · -37.6%Range brokenDownward move · reference $0.02756 · trades 2.5×, volume 4.4× (5m average / prior 60m median) · known at 22:39:00 UTC close · $0.02744Range break with expanding participationDownward move · reference $0.02756 · trades 3.9×, volume 9.6× (5m average / prior 60m median) · known at 22:48:00 UTC close · $0.02713Back inside the broken rangeDownward move · reference $0.02756 · trades 2.8×, volume 5.7× (5m average / prior 60m median) · known at 22:57:00 UTC close · $0.02772Largest short-liquidation minuteReported total over one minute; selected retrospectively · $25KLargest liquidationshorts liquidated · $25K
6 more momentsLargest long-liquidation minuteReported total over one minute; selected retrospectively · $15KFlash move+11.2%Large rejecting wick4.9%Volume climax$1.7MLow$0.01733After the extremeRetrospective phase · $0 shorts reported liquidated · $27K longs reported liquidated · contract OI -0.3% · +2.4%

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 0.73 of 1longs liquidated 73%liquidations $405Kchart pattern confirmed

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: 2026-09-27T22:00:00.000Z to 2026-09-29T22:00:00.000Z.
  • Recorded baseline: $0.02779. High: $0.035209. End: $0.017756.
  • Detected Sep 25, 2026 · 16:25 UTC. Episode baseline $0.01782 at Sep 22, 2026 · 22:00 UTC.
  • 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)5.2MTrades / tape2.5MLiquidations694Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. USUSDT fell as much as 37.6% and finished 36.1% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $405K liquidated, largest reported liquidation $25K.
  4. Capitulation wick of 4.9% at 09:57 UTC.