Why did Bitway drop 26.8% on October 30, 2026?
BTW's move can't be compared with Bitcoin's yet; the figures below describe the move, not its cause. BTW fell further than this on 1 of the past 29 days. No BTW report was collected from the day before to the day after; the cause is unresolved.
What may have driven the move
No clear cause was found for this move.
Weaker possibilities: A report published Oct 25, 21:36 UTC said 101.6 million BTW tokens were due to unlock on November 2. (Bitway token unlock on November 2: 101.6m BTW); During the measured 24 hours ending Oct 31, 01:00 UTC, open interest fell 18.3%; funding changed from positive on Oct 30 to negative by Oct 31. (OKX perpetual swap: settled funding, OKX perpetual swap: funding rate, OKX perpetual swap: open interest, OKX perpetual swap: taker buy/sell volume)
What was checked
The announced November 2 token unlock may have added selling concern, but its link to this move is unconfirmed. The price spiked and then fell back near its 24-hour low; Bitcoin and most tracked coins do not explain the fall.
Did traders sell or hedge in anticipation of the unlock, and when did the fall begin?
Looked at the 24 hours to Oct 31, 2026, 01:08 UTC
- Day open / close
- $1.56 → $1.1523 hourly candles, Gate · USDT
- Day range
- $1.12 – $1.5942.0% from low to high
- Versus the past month
- 1 of the past 29 days fell further-26.77% in the 24 hours to Oct 31, 2026, 00:00 UTC, 3.6× a typical day (7.5%).
- 30-day range
- 59.1% below the high · 31.8% above the lowFrom hourly highs and lows on the same venue
- Where it traded
- Gate 42% · Bitget 23% · HTX 14%
- Perpetual swap
- funding negative · open interest fallingOKX perpetual swap BTW-USDT-SWAP
Computed from Gate · USDT hourly candles for the 24 hours to Oct 31, 2026, 00:00 UTC. Methods →
BTW timeline around October 30, 2026
Largest closed hourly move: -13.17%, Oct 30, 2026, 11:00–12:00 (UTC).
1 sharp price swing was flagged; the largest was -13.62% in 1 minute at Oct 30, 2026, 11:45 UTC.