NEARUSDT fell as much as 34.3% and finished 27.9% 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 liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

1. NEARUSDT fell as much as 34.3% and finished 27.9% below its starting price. The event lasted 12h 1m.
2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
3. $1.3M liquidated, largest single fill $182K.
4. First forced-sell at 15:08 UTC, longs liquidated.
5. Capitulation wick of 4.9% at 16:10 UTC.
6. Open interest peaked at $100M (15:52 UTC) before the unwind.
7. Funding flipped negative at 23:32 UTC (-0.005%).
8. Clawed back half of the move by 16:15 UTC.