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PERMALINK 20260816_031610_COWUSDT
COWCOWUSDTVolatility spikeAUG 15, 2026 · 01:16 UTC · BINANCEF

COWUSDT fell as much as 33.0% and finished 13.5% below its starting price.

PEAK MOVE -33.0% · NET MOVE -13.5% · TOTAL LIQUIDATED $2.5M · MAX SINGLE LIQ $24K · DURATION 28h 35m · VOLUME $448M
KEY MOMENT · CLICK TO REPLAY MODELLED LIQ FUEL AS OF 12:45 UTC
Volatility spike
PEAK-33.0%COWUSDT · BINANCEF · 30M
WHY THIS LABEL
No cause signal in range — shape only; replay to judge it.
HOW THIS EVENT IS MEASURED

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.

Data provenance and methodology →
KEY MOMENTSEACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK
01:21 UTCPattern breakdouble top▶ REPLAY01:30 UTCLow$0.1018▶ REPLAY08:05 UTCFirst forced-sellshorts liquidated · $206▶ REPLAY09:02 UTCPattern breakdescending trendline▶ REPLAY10:30 UTCCapitulation wick5.8%▶ REPLAY18:37 UTCLargest liquidationshorts liquidated · $24K▶ REPLAY

Research markers

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DATA INCLUDED IN THIS REPLAY
Order book (L2)2.1MTrades / tape638KLiquidations2.5KLiquidation heatmapVPIN / toxicityOI & positioning
WHAT YOU'LL SEE IN THE REPLAY
  1. COWUSDT fell as much as 33.0% and finished 13.5% below its starting price. The event lasted 28h 35m.
  2. $2.5M liquidated, largest single fill $24K.
  3. First forced-sell at 08:05 UTC, shorts liquidated.
  4. Capitulation wick of 5.8% at 10:30 UTC.
  5. A double top broke out at 01:21 UTC.
  6. No cause was auto-detected for this move; replay the order book and tape to read it yourself.
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