VELVETUSDT fell as much as 69.3% and finished 64.1% 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 exchange outage 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 69.3% and finished 64.1% below its starting price. The event lasted 12h.
2. $350K liquidated, largest single fill $8K.
3. First forced-sell at 11:49 UTC, longs liquidated.
4. Capitulation wick of 5.3% at 12:30 UTC.
5. Open interest peaked at $12.9M (23:07 UTC) before the unwind.
6. Clawed back half of the move by 12:35 UTC.