AbstractDeep‐focus earthquakes (DFEs) originating at the Mantle‐Transition‐Zone (MTZ) (400–700 km) have a Double Couple (DC) radiation pattern similar to crustal earthquakes; however, their mechanism is different and governed by high pressures (15–25 GPa) at nucleation depths. We present a model of nucleation and growth of regions of phase transformation, undergoing a sudden reduction in volume (5%–10%), “volume collapse.” Successive symmetry‐breaking instabilities minimize the energy spent to move the boundary of phase discontinuity and a collapsing volume expands as a flattened pancake‐like self‐similarly expanding Eshelby ellipsoidal inclusion. At the vanishing of the M integral, expressing the balance of flows of energy across the inclusion boundary, at a critical value of the pressure, an arbitrarily small inclusion nucleates and grows at constant potential energy driven by the pressure acting on the change in volume. The inclusion develops shear eigenstrains that decompose into two DC, placing one on the basal plane to radiate without energy losses. The symmetric volume collapse radiates out as an anti‐symmetric DC, and the radiated energy is obtained as the “excess energy,” of the ambient pressure acting on the “volume collapse,” reduced by the energy consumed for the growth of the pancake surfaces, with a “pressure drop” (p0 − pcr) driving the expansion emitting a DC, even under full isotropy. The solution explains some features of the DFEs, (a) the DC radiation, (b) their large energies (the Mw 8.3 Okhotsk earthquake [2013]), (c) the absence of volumetric radiation, and (d) why they can originate in the MTZ, a long‐standing open problem.