TREFrom

TREEUSDT volatility spike on October 23, 2026

TREEUSDT rallied 90.7% at its peak, then reversed to finish 4.8% below its recorded baseline.

Free replays cover the last 7 days and selected events.

The replay covers Oct 23 15:29 to Oct 24 16:50 UTC, the main stretch of the move.

Peak move
+90.7%
Net move
-4.8%
Reported liquidations
$426K
Largest liquidation
$10K
Duration
57h 54m
Volume
$114M
Volatility spikeBinance
10-22 17:19 to 10-26 08:10 UTC · 30m candles
Key moments
Estimated liquidation zones

Candle-based estimates, not observed liquidation orders. As of 2026-10-26 08:00 UTC.

Key moments

Times in UTC. Select one inside the replay window to replay from that minute. Phase totals and extremes are retrospective; sequence details show when the closed-minute reading was known.
Rise to the highRetrospective phase · $200K shorts reported liquidated · $37K longs reported liquidated · contract OI +142.3% · +90.7%
Range brokenUpward move · reference $0.06013 · trades 1.5×, volume 1.7× (5m average / prior 60m median) · known at 10:40:00 UTC close · $0.06318Largest short-liquidation minuteReported total over one minute; selected retrospectively · $41KLargest liquidationshorts liquidated · $10KHigh$0.07337After the extremeRetrospective phase · $19K shorts reported liquidated · $170K longs reported liquidated · contract OI -5.4% · -50.0%
6 more momentsHalf the extension retracedUpward move · reference $0.07233 · trades 2.8×, volume 2.8× (5m average / prior 60m median) · known at 10:52:00 UTC close · $0.06566Largest long-liquidation minuteReported total over one minute; selected retrospectively · $39KRange break with expanding participationUpward move · reference $0.06013 · trades 3.9×, volume 3.6× (5m average / prior 60m median) · known at 10:53:00 UTC close · $0.06066Volume climax$1.9MLarge rejecting wick4.5% of closeBack inside the broken rangeUpward move · reference $0.06013 · trades 4.1×, volume 3.6× (5m average / prior 60m median) · known at 10:54:00 UTC close · $0.05949

Research markers

Why the volatility spike label?

These observations support the label. They do not show what caused the move or who started it.

No cause signal cleared the confidence threshold in this window; labelled by price shape only.

How these numbers are measured

Peak and net moves start from the recorded baseline, which can differ from the replay's first price.

Liquidations are reported venue snapshots; orders a venue left out are not rebuilt.

Exact definitions
  • Replay window: 2026-10-23T15:29:00.000Z to 2026-10-24T16:50:00.000Z.
  • Event window: 2026-10-23T07:48:00.000Z to 2026-10-25T17:42:00.000Z. The figures on this page cover the whole event; the replay was trimmed to the main stretch of the move.
  • Recorded baseline: $0.03848. High: $0.07337. End: $0.03665.
  • Detected Oct 25, 2026 · 14:30 UTC. Episode baseline $0.03848 at Oct 23, 2026 · 07:48 UTC.
  • The volatility spike label describes the detected event class, so a later reversal changes the net move without silently changing the classification.
  • Price-extreme and wick times mark the source candle, not the exact tick.
Data provenance and methodology →
What the replay includes

The replay covers Oct 23 15:29 to Oct 24 16:50 UTC, the main stretch of the move. The figures above cover the whole event.

Recorded streams
Order book (L2)1.7MTrades / tape569KLiquidations437Liquidation heatmapVPIN / toxicityOI & positioningFull snapshots1.5K
What you will see
  1. TREEUSDT rallied 90.7% at its peak, then reversed to finish 4.8% below its recorded baseline. The event lasted 57h 54m.
  2. $426K liquidated, largest reported liquidation $10K.
  3. Capitulation wick of 4.5% at 10:53 UTC.
  4. No cause was auto-detected for this move; replay the order book and tape to read it yourself.