Q · Daily move · 2026-10-27
Why did Quack AI drop 73.4% on October 27, 2026?
Q's move can't be compared with Bitcoin's yet; the figures below describe the move, not its cause. This is Q's largest 24-hour fall in 29 days. No Q report was collected from the day before to the day after; the cause is unresolved.
The available evidence does not establish what started the fall. A sharp spike was followed by a much larger fall back; derivatives data suggest long liquidations may have added pressure.
May have added to the movePossible
Gate perpetuals recorded more long than short liquidations over the measured day, including a larger long-liquidation hour beginning Oct 27, 06:00 UTC. Forced long closures could have amplified selling during the fall.
What is not shown
The liquidation totals do not show when they occurred relative to the fall or what initiated it. Open interest rose, but does not reveal which side added positions.
What is still unknown
What triggered the spike and subsequent reversal remains unknown; the timing of liquidation pressure relative to the fall is also unclear.
Looked at the 24 hours to Oct 28, 2026, 01:42 UTC
- Day open / close
- $0.199713 → $0.05313124 hourly candles, Gate · USDT
- Day range
- $0.051022 – $0.234813360.2% from low to high
- Versus the past month
- Its largest 24h fall in 29 days-73.41% in the 24 hours to Oct 28, 2026, 00:00 UTC, 9.9× a typical day (7.4%).
- 30-day range
- 77.4% below the high · 167.2% above the lowFrom hourly highs and lows on the same venue
- 24h volume
- 6.5×of its prior 30-day daily average
- Where it traded
- Bithumb 31% · PancakeSwap V3 (BSC) 27% · Gate 14%includes on-chain pools
Computed from Gate · USDT hourly candles for the 24 hours to Oct 28, 2026, 00:00 UTC. Methods →
Q timeline around October 27, 2026
Largest closed hourly move: -35.84%, Oct 27, 2026, 08:00–09:00 (UTC).
13 sharp price swings were flagged; the largest was -29.11% in 1 hour at Oct 27, 2026, 07:30 UTC.
How often has this happened before?
This is the first UTC day since 2025-09-02 on which Q has fallen 50% or more on Gate · USDT daily closes.
One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast.