HUSDT fell as much as 49.7% and finished 46.8% 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 liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

1. HUSDT fell as much as 49.7% and finished 46.8% below its starting price. The event lasted 12h 17m.
2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
3. $514K liquidated, largest single fill $232K.
4. First forced-sell at 11:32 UTC, longs liquidated.
5. $239K force-liquidated in about a minute from 12:09 UTC.
6. Capitulation wick of 4.2% at 17:00 UTC.
7. Open interest peaked at $13.0M (17:08 UTC) before the unwind.
8. Funding flipped negative at 12:12 UTC (-0.007%).
9. Clawed back half of the move by 16:55 UTC.