TSTUSDT rose 63.0% intraperiod, then round-tripped to finish 14.2% 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. TSTUSDT rose 63.0% intraperiod, then round-tripped to finish 14.2% above its starting price. The event lasted 28h.
2. $484K liquidated, largest single fill $7K.
3. First forced-sell at 06:10 UTC, longs liquidated.
4. Capitulation wick of 6.2% at 19:45 UTC.
5. Funding flipped negative at 07:23 UTC (-0.005%).
6. Gave back half of the move by 22:00 UTC.
7. No cause was auto-detected for this move; replay the order book and tape to read it yourself.