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USFrom

USUSDT liquidation cascade on October 11, 2026

USUSDT fell as much as 33.5% and finished 30.2% 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
-33.5%
Net move
-30.2%
Reported liquidations
$800K
Largest liquidation
$23K
Duration
48h
Volume
$199M
Liquidation cascadeBinance
10-11 10:00 to 10-14 10:00 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-14 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 · $87K shorts reported liquidated · $709K longs reported liquidated · contract OI +24.0% · -33.5%Pattern breakdouble top · 100%Pattern breakdescending trendline · 92%Flash move-5.2%Largest liquidationlongs liquidated · $23KLarge rejecting wick10.4%
6 more momentsLargest long-liquidation minuteReported total over one minute; selected retrospectively · $85KVolume climax$3.9MLargest short-liquidation minuteReported total over one minute; selected retrospectively · $19KRange brokenDownward move · reference $0.009124 · trades 1.7×, volume 2.3× (5m average / prior 60m median) · known at 17:05:00 UTC close · $0.008881Low$0.008359After the extremeRetrospective phase · $0 shorts reported liquidated · $4K longs reported liquidated · contract OI +0.6% · +5.0%

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 0.89 of 1longs liquidated 89%liquidations $800Kchart 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: 2026-10-11T22:00:00.000Z to 2026-10-13T22:00:00.000Z.
  • Recorded baseline: $0.012563. High: $0.012861. End: $0.008773.
  • 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)5.1MTrades / tape1.8MLiquidations855Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots2.9K
What you will see
  1. USUSDT fell as much as 33.5% and finished 30.2% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $800K liquidated, largest reported liquidation $23K.
  4. Capitulation wick of 10.4% at 01:04 UTC.
  5. A double top broke out at 01:26 UTC (100% confidence).