---
title: "Why did NEAR move +8.24% in 60 minutes? Evidence check · 2026-10-20"
description: "NEAR changed +8.24% over a 60-minute sampled interval on Gate · USDT. Cause unresolved; nearby reports do not establish causation."
language: en
canonical: "https://whycoinmoves.com/en/events/near-move-1792507380"
published: 2026-10-20T14:43:58.000Z
updated: 2026-10-20T15:44:58.000Z
indexable: true
---

# Why did NEAR move +8.24% in 60 minutes? Evidence check · 2026-10-20

NEAR changed +8.24% over a 60-minute sampled interval on Gate · USDT. Cause unresolved; nearby reports do not establish causation.

Nearby report sources (context, not confirmed causes): No matching source available

## Key facts

NEAR changed +8.24% in 60 minutes (20/10/2026, 13:43 to 20/10/2026, 14:43, UTC; Gate · USDT). The cause remains unresolved.
On the OKX perpetual swap NEAR-USDT-SWAP around the alert: funding rate -0.0117% per period; open interest +2.19% (20/10/2026, 13:40 → 20/10/2026, 14:40); liquidations $4,949 long / $279,812 short (UTC). These are conditions that accompanied the move, not its cause.
After site detection, observed returns were 5 minutes: -1.17% (difference from BTC -0.93 pp; 20/10/2026, 14:44 → 20/10/2026, 14:49, UTC; Gate · USDT); 1 hour: -5.11% (difference from BTC -4.24 pp; 20/10/2026, 14:44 → 20/10/2026, 15:44, UTC; Gate · USDT). Unlisted windows are unavailable.

## Returns after site detection

| Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source |
| --- | --- | --- | --- | --- | --- |
| 5 minutes | -1.17% | -0.24% | -0.93 pp | 20/10/2026, 14:44 → 20/10/2026, 14:49 | Gate · USDT |
| 1 hour | -5.11% | -0.88% | -4.24 pp | 20/10/2026, 14:44 → 20/10/2026, 15:44 | Gate · USDT |
| 24 hours | — | — | — | — | — |

## Detected price interval

| Metric | Value |
| --- | --- |
| Window | 60 min |
| Sampled prices | 4.706 → 5.094 |
| Return / BTC difference | +8.24% / +6.30 pp |
| OKX perpetual funding rate (per period) | -0.0117% · OKX · NEAR-USDT-SWAP · sampled 20/10/2026, 14:44 (UTC+8) · Rate observed at collection; not annualized yield or a realized settlement. |
| OKX perpetual open interest change | +2.19% · OKX · NEAR-USDT-SWAP · sampled 20/10/2026, 14:44 (UTC+8) · 20/10/2026, 13:40 → 20/10/2026, 14:40 (UTC) · OI measured in coin units, not dollar value. |
| Observed long liquidations | $4,949 · OKX · NEAR-USDT-SWAP · sampled 20/10/2026, 14:44 (UTC+8) · 20/10/2026, 13:43 → 20/10/2026, 14:44 (UTC) · Returned API records cover this sampled interval; not market-wide totals. |
| Observed short liquidations | $279,812 · OKX · NEAR-USDT-SWAP · sampled 20/10/2026, 14:44 (UTC+8) · 20/10/2026, 13:43 → 20/10/2026, 14:44 (UTC) · Returned API records cover this sampled interval; not market-wide totals. |
| Detection threshold | 8% |
| Source | Gate · USDT |

[Research: announcement timing and causality](<https://whycoinmoves.com/en/research/announcement-timestamps-and-causality.md>)

## 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 / 20/10/2026, 14:43 |

## Claims and open questions

- No independently verified causal explanation is available.

## Source evidence



## Recent NEAR events and market reactions

- [Why did NEAR move -2.13% in 1 minute? Evidence check · 2026-10-20](<https://whycoinmoves.com/en/events/near-move-1792509180>) — Received 20/10/2026, 15:13 (UTC) · Cause unresolved · Market watch · 5m +0.41% / 1h -0.02%
- [Full coin archive](<https://whycoinmoves.com/en/coins/near>)

## Recent Market watch events on other coins

- [SUI: Why did SUI move -0.71% in 1 minute? Evidence check · 2026-10-20](<https://whycoinmoves.com/en/events/sui-move-1792513020>)
- [DOGE: Why did DOGE move -1.73% in 5 minutes? Evidence check · 2026-10-20](<https://whycoinmoves.com/en/events/dogecoin-move-1792509240>)
- [SOL: Why did SOL move -1.59% in 5 minutes? Evidence check · 2026-10-20](<https://whycoinmoves.com/en/events/solana-move-1792509240>)
- [Market watch](<https://whycoinmoves.com/en/topics/market>)

## Research for this archive

- [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns](<https://whycoinmoves.com/en/research/hourly-returns-and-bitcoin-beta.md>)
- [Crypto liquidity and order book depth: a historical data audit](<https://whycoinmoves.com/en/research/order-book-data-quality.md>)
- [Perpetual funding rates and annualized yield: a 2025 comparison](<https://whycoinmoves.com/en/research/funding-rates-versus-investor-returns.md>)
- [Bitcoin halving and bull markets: evidence from four halvings](<https://whycoinmoves.com/en/research/bitcoin-halving-and-market-cycles.md>)

[Methods and limitations](<https://whycoinmoves.com/en/methodology>)
Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.