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XANFrom

XANUSDT liquidation cascade on September 7, 2026

XANUSDT fell as much as 40.3% and finished 36.6% below its recorded baseline.

Investigate XANUSDT →Research the setup at 15:31 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-40.3%
Net move
-36.6%
Reported liquidations
$364K
Largest liquidation
$8K
Duration
28h
Volume
$56.1M
Liquidation cascadeBinance
09-07 08:31 to 09-09 02:31 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-09-09 02:20 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 · $236K longs reported liquidated · contract OI +2.3% · -40.1%Pattern breakdouble bottom · 97%OI peak$4.8MFlash move-20.6%Large rejecting wick6.1%Largest long-liquidation minuteReported total over one minute; selected retrospectively · $34K
6 more momentsVolume climax$2.4MFunding flipped negative-0.006%Pattern breakdouble top · 100%Low$0.01141After the extremeRetrospective phase · $30K shorts reported liquidated · $11K longs reported liquidated · contract OI +7.1% · +5.9%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $12K

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 0.68 of 1longs liquidated 68%liquidations $364Kchart 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: 2026-09-07T15:31:19.288Z to 2026-09-08T19:31:19.295Z.
  • Recorded baseline: $0.019115. High: $0.021997. End: $0.012119.
  • 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)2.2MTrades / tape579KLiquidations525Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. XANUSDT fell as much as 40.3% and finished 36.6% below its recorded baseline. The event lasted 28h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $364K liquidated, largest reported liquidation $8K.
  4. Capitulation wick of 6.1% at 06:44 UTC.
  5. Open interest peaked at $4.8M (05:43 UTC) before the unwind.
  6. A double bottom broke out at 15:43 UTC (97% confidence).
  7. Funding flipped negative at 06:57 UTC (-0.006%).