BTWFrom

BTWUSDT volatility spike on October 22, 2026

BTWUSDT fell 27.9% at its peak, then round-tripped to finish 0.8% below its recorded baseline.

Free replays cover the last 7 days and selected events.

The replay covers Oct 22 06:52 to Oct 23 02:59 UTC, the main stretch of the move.

Peak move
-27.9%
Net move
-0.8%
Reported liquidations
$1.2M
Largest liquidation
$15K
Duration
44h 30m
Volume
$472M
Volatility spikeBinance
10-21 19:36 to 10-24 14:21 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-24 08:20 UTC.

Key moments

Times in UTC. Select one inside the replay window 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 · $128K shorts reported liquidated · $150K longs reported liquidated · contract OI +1.5% · -27.9%
Largest short-liquidation minuteReported total over one minute; selected retrospectively · $42KRange break with expanding participationDownward move · reference $1.6578 · trades 4.9×, volume 5.1× (5m average / prior 60m median) · known at 20:04:00 UTC close · $1.6288Range brokenDownward move · reference $1.6578 · trades 4.9×, volume 5.1× (5m average / prior 60m median) · known at 20:04:00 UTC close · $1.6288Half the extension retracedDownward move · reference $1.4118 · trades 5.1×, volume 3.3× (5m average / prior 60m median) · known at 20:31:00 UTC close · $1.5391Low$1.2569
6 more momentsAfter the extremeRetrospective phase · $637K shorts reported liquidated · $235K longs reported liquidated · contract OI -15.5% · +37.4%Back inside the broken rangeDownward move · reference $1.6578 · trades 1.8×, volume 2.1× (5m average / prior 60m median) · known at 22:01:00 UTC close · $1.6612Large rejecting wick4.7% of closeVolume climax$3.6M
Largest liquidationlongs liquidated · $15K
Largest long-liquidation minuteReported total over one minute; selected retrospectively · $38K

Research markers

Why the volatility spike label?

These observations support the label. They do not show what caused the move or who started it.

No cause signal cleared the confidence threshold in this window; labelled by price shape only.

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: 2026-10-22T06:52:00.000Z to 2026-10-23T02:59:00.000Z.
  • Event window: 2026-10-22T06:44:00.000Z to 2026-10-24T03:14:00.000Z. The figures on this page cover the whole event; the replay was trimmed to the main stretch of the move.
  • Recorded baseline: $1.7421. High: $1.9792. End: $1.7274.
  • Detected Oct 23, 2026 · 21:14 UTC. Episode baseline $1.7421 at Oct 22, 2026 · 06:44 UTC.
  • The volatility spike 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

The replay covers Oct 22 06:52 to Oct 23 02:59 UTC, the main stretch of the move. The figures above cover the whole event.

Recorded streams
Order book (L2)2.3MTrades / tape2.1MLiquidations578Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots1.2K
What you will see
  1. BTWUSDT fell 27.9% at its peak, then round-tripped to finish 0.8% below its recorded baseline. The event lasted 44h 30m.
  2. $1.2M liquidated, largest reported liquidation $15K.
  3. Capitulation wick of 4.7% at 01:45 UTC.
  4. No cause was auto-detected for this move; replay the order book and tape to read it yourself.