VELFrom

VELVETUSDT liquidation cascade on September 9, 2026

VELVETUSDT fell as much as 38.5% and finished 20.5% below its recorded baseline.

Free replays cover the last 7 days and selected events.

Peak move
-38.5%
Net move
-20.5%
Reported liquidations
$405K
Largest liquidation
$16K
Duration
6h
Volume
$9.5M
Liquidation cascadeBinance
09-09 19:29 to 09-09 23:37 UTC · 5m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-09 23:25 UTC.

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 $405Kcontagion cluster

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: 2026-09-09T20:10:51.863Z to 2026-09-10T02:11:08.681Z.
  • Recorded baseline: $0.0742. High: $0.0754. End: $0.059.
  • 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)236KTrades / tape40.8KLiquidations170Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. VELVETUSDT fell as much as 38.5% and finished 20.5% below its recorded baseline. The event lasted 6h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. Moved with 12 other symbols in the same window: possible contagion.
  4. $405K liquidated, largest reported liquidation $16K.
  5. $247K force-liquidated in about a minute from 22:08 UTC.
  6. Capitulation wick of 10.4% at 22:09 UTC.
  7. Clawed back half of the move by 22:10 UTC.