edgedepthEARLY ACCESSSign in
Menu
Terminal
ResearchResearch hubResearch WorkbenchInvestigate a movePublished reportsDaily briefEvent archiveSaved studiesLive alertsMarketsData coverage
LearnGuidesReading libraryWorked examplesGuided lessonsFAQ
DevelopersAPI documentationMCP setupConnect an AI agentOpen source
Pricing
龙虾From

龙虾USDT liquidation cascade on October 3, 2026

龙虾USDT fell 18.0% at its peak, then round-tripped to finish 4.3% below its recorded baseline.

Investigate 龙虾USDT →Research the setup at 22:38 UTC →🔒 Replay with Pro →

Free replays cover the last 7 days and selected events.

Peak move
-18.0%
Net move
-4.3%
Reported liquidations
$639K
Largest liquidation
$12K
Duration
48h
Volume
$233M
Liquidation cascadeBinance · 1H

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 · $161K shorts reported liquidated · $317K longs reported liquidated · contract OI -2.2% · -18.0%Largest short-liquidation minuteReported total over one minute; selected retrospectively · $56KLargest liquidationshorts liquidated · $12KLargest long-liquidation minuteReported total over one minute; selected retrospectively · $40KRange break with expanding participationDownward move · reference $0.04318 · trades 4.6×, volume 14.4× (5m average / prior 60m median) · known at 01:47:00 UTC close · $0.04279Range brokenDownward move · reference $0.04318 · trades 4.6×, volume 14.4× (5m average / prior 60m median) · known at 01:47:00 UTC close · $0.04279
6 more momentsLow$0.0381Volume climax$1.7MAfter the extremeRetrospective phase · $45K shorts reported liquidated · $117K longs reported liquidated · contract OI -0.5% · +16.7%Half the extension retracedDownward move · reference $0.03876 · trades 1.9×, volume 2.7× (5m average / prior 60m median) · known at 03:19:00 UTC close · $0.04079Back inside the broken rangeDownward move · reference $0.04318 · trades 1.8×, volume 1.9× (5m average / prior 60m median) · known at 03:43:00 UTC close · $0.04329Large rejecting wick4.3%

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 $639K

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: 2026-10-03T22:38:00.000Z to 2026-10-05T22:38:00.000Z.
  • Recorded baseline: $0.04648. High: $0.05448. End: $0.04447.
  • 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)4.2MTrades / tape900KLiquidations680Liquidation heatmapVPIN / toxicityOI & positioning
What you will see
  1. 龙虾USDT fell 18.0% at its peak, then round-tripped to finish 4.3% below its recorded baseline. The event lasted 48h.
  2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
  3. $639K liquidated, largest reported liquidation $12K.
  4. Capitulation wick of 4.3% at 14:53 UTC.