Only 2 hours of samples so far, one every 5 minutes.
+3.0% 23:59−4.3% 00:17
High $0.015885Low $0.013717
● Gate · USDT1 sharp drop1 sharp risetimes in UTC
Oct 28, 2026, 23:04Oct 29, 2026, 00:39
2 sharp price swings were flagged; the largest was -4.26% in 1 minute at Oct 29, 2026, 00:17 UTC.
What may be driving the move
No verified news or project event explains this rise. Derivatives activity may have amplified it, but does not identify what started it.
May have added to the movePossible
During Oct 28, 00:00–Oct 29, 00:00 UTC, open interest rose and buyer-initiated trading made up a larger share of activity on Gate’s perpetual market. This is consistent with increased derivatives activity amplifying the rise; liquidations were small and do not establish a liquidation-driven move.
Open interest does not show whether positions were long or short, and one venue’s data cannot identify what initiated the rise. Liquidation totals do not establish causal timing.
What is still unknown
What prompted the move remains unknown; the available market data does not establish its initiating event or the direction of new positions.
Looked at the 24 hours to Oct 29, 2026, 00:01 UTC
Market snapshot
Versus Bitcoin
+70.0 pts+70.50% / BTC +0.54%
24h volume
6.1×of its prior 30-day daily average
More data (1)
Other tracked coins
2 of 27 others also rose 23.5% or more
Figures run to Oct 29, 2026, 00:00 UTC (Gate · USDT). The price at the top is live. Methods →