MLNUSDT crashed 25.5% in 4h window from $3.049 to $2.27 (peak: $2.463) over 12h 1m
WHY THIS LABEL
No cause signal in range — shape only; replay to judge it.
WHAT YOU'LL SEE IN THE REPLAY
1A -26.5% sell-off over 12h 1m.
2$17K liquidated, largest single fill $8K.
3First forced-sell at 23:22 UTC, longs liquidated.
4Capitulation wick of 3.0% at 05:10 UTC.
5Funding hit extreme (positive) at 00:14 UTC (+0.051%).
6The cause isn't auto-classified yet; replay the order book and tape and read it for yourself.
KEY MOMENTS
23:22 UTCFirst forced-selllongs liquidated · $2K▶ REPLAY00:00 UTCLargest liquidationlongs liquidated · $8K▶ REPLAY00:14 UTCFunding hit extreme (positive)+0.051%▶ REPLAY03:35 UTCFlash move+2.5%▶ REPLAY05:10 UTCCapitulation wick3.0%▶ REPLAY08:20 UTCLow$2.242▶ REPLAY08:25 UTCVolume climax$224K▶ REPLAY
EACH MOMENT DEEP-LINKS INTO THE TERMINAL AT THAT TICK