Only 2 hours of samples so far, one every 5 minutes.
−3.4% 13:23
High $0.24027Low $0.2215
● Gate · USDT1 sharp droptimes in UTC
Nov 3, 2026, 12:39Nov 3, 2026, 14:34
1 sharp price swing was flagged; the largest was -3.44% in 1 minute at Nov 3, 2026, 13:23 UTC.
What may be driving the move
Perpetual-market positioning may have amplified the rise, but no initiating event is identified. Bitcoin was slightly lower and tracked coins were mixed, so the wider market does not explain this move well.
May have added to the movePossible
Open interest rose about 43% over the 24 hours ending Nov 3, 11:00 UTC, while short liquidations exceeded long liquidations in the following measured window; the current funding rate was negative. These signals are consistent with positioning potentially adding upward pressure, but do not establish a crowded short trade or what initiated the rise.