VELVETUSDT fell as much as 69.9% and finished 69.3% 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 cpi / macro print label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

1. VELVETUSDT fell as much as 69.9% and finished 69.3% below its starting price. The event lasted 12h 26m.
2. $167K liquidated, largest single fill $9K.
3. First forced-sell at 14:23 UTC, longs liquidated.
4. Capitulation wick of 4.3% at 19:20 UTC.
5. Open interest peaked at $12.5M (16:52 UTC) before the unwind.
6. Funding flipped positive at 16:37 UTC (+0.005%).