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USFrom

USUSDT liquidation cascade on October 3, 2026

USUSDT fell as much as 49.1% and finished 45.2% 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
-49.1%
Net move
-45.2%
Reported liquidations
$682K
Largest liquidation
$10K
Duration
48h
Volume
$174M
Liquidation cascadeBinance
10-03 10:00 to 10-06 10:00 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-06 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 · $19K shorts reported liquidated · $582K longs reported liquidated · contract OI +9.4% · -49.1%Largest liquidationlongs liquidated · $10KFlash move-5.0%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $23KLarge rejecting wick2.8%Volume climax$1.9M
6 more momentsRange break with expanding participationDownward move · reference $0.01118 · trades 5.0×, volume 7.3× (5m average / prior 60m median) · known at 15:09:00 UTC close · $0.01078Range brokenDownward move · reference $0.01118 · trades 5.0×, volume 7.3× (5m average / prior 60m median) · known at 15:09:00 UTC close · $0.01078Low$0.01005After the extremeRetrospective phase · $24K shorts reported liquidated · $56K longs reported liquidated · contract OI +5.1% · +7.7%Half the extension retracedDownward move · reference $0.01014 · trades 1.0×, volume 0.9× (5m average / prior 60m median) · known at 16:15:00 UTC close · $0.01048Back inside the broken rangeDownward move · reference $0.01118 · trades 2.0×, volume 2.1× (5m average / prior 60m median) · known at 16:46:00 UTC close · $0.01119

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 0.94 of 1longs liquidated 94%liquidations $682Kchart 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: 2026-10-03T22:00:00.000Z to 2026-10-05T22:00:00.000Z.
  • Recorded baseline: $0.019754. High: $0.020804. End: $0.010825.
  • 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)5.3MTrades / tape2.4MLiquidations803Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. USUSDT fell as much as 49.1% and finished 45.2% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $682K liquidated, largest reported liquidation $10K.
  4. Capitulation wick of 2.8% at 07:21 UTC.