ZBTUSDT fell as much as 18.3% and finished 17.5% 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 liquidation cascade label describes the detected event class, so a later reversal changes the net move without silently changing the classification.

1. ZBTUSDT fell as much as 18.3% and finished 17.5% below its starting price. The event lasted 28h 4m.
2. Forced selling tripping liquidation levels in sequence: a cascade, not one seller.
3. $789K liquidated, largest single fill $11K.
4. First forced-sell at 01:05 UTC, shorts liquidated.
5. Capitulation wick of 3.2% at 03:30 UTC.
6. A double bottom broke out at 02:18 UTC.