BTWUSDT rallied 125.4% intraperiod, then reversed to finish 14.1% below its starting price.

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

1. BTWUSDT rallied 125.4% intraperiod, then reversed to finish 14.1% below its starting price. The event lasted 28h 1m.
2. $2.7M liquidated, largest single fill $36K.
3. First forced-sell at 17:25 UTC, shorts liquidated.
4. Capitulation wick of 15.1% at 18:00 UTC.
5. Open interest peaked at $70.4M (19:35 UTC) before the unwind.
6. Funding hit extreme (positive) at 12:22 UTC (+0.050%).
7. Gave back half of the move by 20:15 UTC.
8. No cause was auto-detected for this move; replay the order book and tape to read it yourself.