CLOUSDT fell as much as 42.4% and finished 26.9% 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. CLOUSDT fell as much as 42.4% and finished 26.9% below its starting price. The event lasted 28h 1m.
2. $127K liquidated, largest single fill $9K.
3. First forced-sell at 17:55 UTC, shorts liquidated.
4. Capitulation wick of 5.8% at 18:30 UTC.
5. Open interest peaked at $8.5M (20:37 UTC) before the unwind.
6. Funding hit extreme (positive) at 22:11 UTC (+0.051%).
7. Clawed back half of the move by 08:00 UTC.
8. No cause was auto-detected for this move; replay the order book and tape to read it yourself.