VELVETUSDT rose as much as 97.6% and finished 67.9% 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 short squeeze label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

1. VELVETUSDT rose as much as 97.6% and finished 67.9% above its starting price. The event lasted 12h 1m.
2. Liquidations skewed to the short side: a short squeeze, not just a move.
3. $1.3M liquidated, largest single fill $15K.
4. First forced-sell at 15:37 UTC, shorts liquidated.
5. Capitulation wick of 11.0% at 23:20 UTC.
6. Open interest peaked at $54.4M (02:54 UTC) before the unwind.
7. Funding hit extreme (positive) at 20:09 UTC (+0.050%).
8. Gave back half of the move by 23:30 UTC.