--- title: "Why did HBAR drop 0.70% in 1 minute? Evidence check: Hedera's HBAR falls in a one-minute move alongside a broad market decline · 2026-10-23" description: "HBAR -0.70% in 1 minute on Gate · USDT, Oct 23 UTC: moved with the market. HBAR fell in a sharp one-minute move on Gate's HBAR/USDT pair while most other tracked coins also declined over the same window, according to the market data. On the OKX perpetual swap, funding was negative, open interest…" language: en canonical: "https://whycoinmoves.com/en/events/hedera-hashgraph-move-1792795980" published: 2026-10-23T22:54:00.000Z updated: 2026-10-24T22:56:02.000Z indexable: true --- # Why did HBAR drop 0.70% in 1 minute? Evidence check: Hedera's HBAR falls in a one-minute move alongside a broad market decline · 2026-10-23 HBAR -0.70% in 1 minute on Gate · USDT, Oct 23 UTC: moved with the market. HBAR fell in a sharp one-minute move on Gate's HBAR/USDT pair while most other tracked coins also declined over the same window, according to the market data. On the OKX perpetual swap, funding was negative, open interest… Nearby report sources (context, not confirmed causes): No matching source available ## Key facts HBAR changed -0.70% in 1 minute (23/10/2026, 22:52 to 23/10/2026, 22:53, UTC; Gate · USDT). The cause remains unresolved. On the OKX perpetual swap HBAR-USDT-SWAP around the alert: funding rate -0.0071% per 8h period; liquidations $1,693 long / $0 short (UTC). These are conditions that accompanied the move, not its cause. After site detection, observed returns were 5 minutes: +0.12% (difference from BTC -0.04 pp; 23/10/2026, 22:54 → 23/10/2026, 22:59, UTC; Gate · USDT); 1 hour: +1.53% (difference from BTC +0.93 pp; 23/10/2026, 22:54 → 23/10/2026, 23:54, UTC; Gate · USDT); 24 hours: +1.59% (difference from BTC +1.74 pp; 23/10/2026, 22:54 → 24/10/2026, 22:54, UTC; Gate · USDT). Unlisted windows are unavailable. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.12% | +0.16% | -0.04 pp | 23/10/2026, 22:54 → 23/10/2026, 22:59 | Gate · USDT | | 1 hour | +1.53% | +0.60% | +0.93 pp | 23/10/2026, 22:54 → 23/10/2026, 23:54 | Gate · USDT | | 24 hours | +1.59% | -0.15% | +1.74 pp | 23/10/2026, 22:54 → 24/10/2026, 22:54 | Gate · USDT | ## Detected price interval | Metric | Value | | --- | --- | | Window | 1 min | | Sampled prices | 0.07691 → 0.07637 | | Return / BTC difference | -0.70% / -0.49 pp | | OKX perpetual funding rate (per period) | -0.0071% / 8h · OKX · HBAR-USDT-SWAP · sampled 23/10/2026, 22:55 (UTC) · Rate observed at collection; not annualized yield or a realized settlement. | | Observed long liquidations | $1,693 · OKX · HBAR-USDT-SWAP · sampled 23/10/2026, 22:55 (UTC) · 23/10/2026, 22:52 → 23/10/2026, 22:54 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Observed short liquidations | $0 · OKX · HBAR-USDT-SWAP · sampled 23/10/2026, 22:55 (UTC) · 23/10/2026, 22:52 → 23/10/2026, 22:54 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Detection threshold | 0.7% | | Source | Gate · USDT | [Research: announcement timing and causality]() ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | false | | Coverage | 0.0% (0/720) | | Median absolute hourly return | — | | 99th percentile of absolute hourly returns | — | | BTC beta | — | | Source / cutoff (UTC) | Gate · USDT / 23/10/2026, 22:53 | ## Claims and open questions - What triggered the one-minute decline in HBAR — for example an exchange notice, a project announcement or on-chain flows — has not been identified in the monitored feeds. - Whether the OKX perpetual swap funding and liquidation readings reflected forced selling specific to HBAR or a market-wide shift would need exchange or on-chain data to clarify. ## Source evidence ## Recent HBAR events and market reactions No other publication-ready HBAR events yet. - [Full coin archive]() ## Recent Market watch events on other coins - [QTC: Why did QTC go up 2.86% in 1 minute? Evidence check: Quantus rises sharply in one-minute move · 2026-10-25]() - [IRYS: Why did IRYS go up 18.62% in 60 minutes? Evidence check · 2026-10-25]() - [QTC: Why did QTC drop 6.16% in 1 minute? Evidence check: Quantus falls sharply in one-minute move as other tracked coins stay flat · 2026-10-25]() - [Market watch]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Do XRP and Solana ETF flows move the price? First-year data]() - [Crypto liquidity and order book depth: a historical data audit]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.