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PERMALINK 20260818_033127_ZHIPUUSDT
ZHIZHIPUUSDTLiquidation cascadeAUG 18, 2026 · 01:01 UTC · BINANCEF

ZHIPUUSDT fell as much as 18.7% and finished 17.0% below its starting price.

PEAK MOVE -18.7% · NET MOVE -17.0% · TOTAL LIQUIDATED $367K · MAX SINGLE LIQ $71K · DURATION 4h 31m · VOLUME $43.7M
KEY MOMENT · CLICK TO REPLAY MODELLED LIQ FUEL AS OF 06:25 UTC
Liquidation cascade
PEAK-18.7%ZHIPUUSDT · BINANCEF · 5M
WHY THIS LABEL
confidence 0.92longs liquidated 92%liquidations $367K
HOW THIS EVENT IS MEASURED

Peak move is the largest signed price excursion from the event's starting price. Net move is the start-to-finish change. The liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

Data provenance and methodology →
KEY MOMENTSEACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
01:30 UTCFirst forced-selllongs liquidated · $14▶ REPLAY01:36 UTCLargest liquidationlongs liquidated · $71K▶ REPLAY05:10 UTCLow$126.04▶ REPLAY

Research markers

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DATA INCLUDED IN THIS REPLAY
Order book (L2)365KTrades / tape129KLiquidations77Liquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
  1. ZHIPUUSDT fell as much as 18.7% and finished 17.0% below its starting price. The event lasted 4h 31m.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $367K liquidated, largest single fill $71K.
  4. First forced-sell at 01:30 UTC, longs liquidated.
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