REUSDT fell 46.2% intraperiod, then reversed to finish 10.1% above 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. REUSDT fell 46.2% intraperiod, then reversed to finish 10.1% above its starting price. The event lasted 28h.
2. $7.9M liquidated, largest single fill $49K.
3. First forced-sell at 01:06 UTC, longs liquidated.
4. Capitulation wick of 7.3% at 11:30 UTC.
5. Open interest peaked at $27.1M (02:40 UTC) before the unwind.
6. Clawed back half of the move by 08:45 UTC.
7. No cause was auto-detected for this move; replay the order book and tape to read it yourself.