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ZECFrom

ZECUSDT liquidation cascade on June 4, 2026

ZECUSDT fell as much as 53.4% and finished 43.6% below its recorded baseline.

Figures corrected 11 Oct 2026: measured from the window's first one-minute open (previously shown as -57.4% at the peak).

Investigate ZECUSDT →Research the setup at 16:53 UTC →Arm this alert →Current ZEC liquidation heatmap →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-53.4%
Net move
-43.6%
Reported liquidations
$34.8M
Largest liquidation
$4.7M
Duration
14h 43m
Volume
$3.67B
Liquidation cascadeBinance
06-04 13:12 to 06-05 11:16 UTC · 15m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-06-05 11:05 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 · contract OI unavailable · -53.4%First reported liquidationlongs liquidated · $450Funding flipped positive+0.005%Large rejecting wick5.1% of closeLargest liquidationlongs liquidated · $4.7MVolume climax$51.5M
3 more momentsLow$250After the extremeRetrospective phase · contract OI unavailable · +21.7%Flash move-5.6%

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 0.65 of 1longs liquidated 65%liquidations $34.8M

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: 2026-06-04T16:53:28.719Z to 2026-06-05T07:35:58.719Z.
  • Recorded baseline: $536.84. High: $541.42. End: $302.74.
  • 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)1.9MTrades / tape4.6MLiquidations3.2KLiquidation heatmapVPIN / toxicityOI & positioningFull snapshots874
What you will see
  1. ZECUSDT fell as much as 53.4% and finished 43.6% below its recorded baseline. The event lasted 14h 43m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $34.8M liquidated, largest reported liquidation $4.7M.
  4. First reported liquidation in this archive at 16:56 UTC, longs liquidated.
  5. Capitulation wick of 5.1% at 06:25 UTC.
  6. Funding flipped positive at 23:46 UTC (+0.005%).