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PHAMarket watchCause unresolved

Why did PHA move -1.23% in 1 minute? Evidence check · 2026-10-20

PHA changed -1.23% over a 1-minute sampled interval on OKX · USDT. Cause unresolved; nearby reports do not establish causation.

Evidence strength Cause unresolved

A price move is an observation, not evidence for any report.

ImportanceHigh

Price moved beyond its alert threshold

UrgencyUrgent

Fresh price alert

Three separate rule-based signals. None is the probability that the report is true. How they work ↗

Key facts

Nearby report sources (context, not confirmed causes):

PHA changed -1.23% in 1 minute (20/10/2026, 17:22 to 20/10/2026, 17:23, UTC+8; OKX · USDT). The cause remains unresolved.

No complete post-detection return window is available yet.

Source published Not availableFirst received 20/10/2026, 17:23Updated 20/10/2026, 17:23

The unusual move

Detected price interval
MetricValue
1 minute return-1.23%
BTC over the same interval-0.01%
Difference from BTC-1.22 pp
Detection threshold0.73%
Actual interval (UTC+8)20/10/2026, 17:22 → 20/10/2026, 17:23
Sampled prices / source0.06007 → 0.05933 · OKX · USDT

Minute samples show an observed interval, not the exact onset of a move. These heuristic thresholds are not calibrated probabilities. No minute-volume claim is made.

What might explain it?

No sufficiently supported cause has been established. Nearby reports are context, not confirmed causes.

Data is published immediately. English and Chinese narratives are written together and subject to the daily budget.

Nearby reports and timing

No matching reports in the monitored sources and time window. Coverage is incomplete.

Correlation is not causationBroader market moves, macro events, liquidity and unmonitored reports may also matter. A report arriving later cannot by itself establish the cause.

Source evidence

No source claim linked yet. Market observations are recorded separately.

Original source titles remain in their source language. Full articles are not republished.

Market reaction after detection

Returns start at the sample closest to site detection (within the same minute up to 10 minutes later), using the same data source and quote currency. Actual sample times are shown; missing observations remain blank.

Observed returns after site detection
WindowReturnBTCDifference from BTC (pp)Actual sampled interval / source
5 minutes———Awaiting a complete valid window
1 hour———Awaiting a complete valid window
24 hours———Awaiting a complete valid window

Historical market context

Closed hourly candles from the 30 days before this event observation. Different venues are kept separate.

Prior 30-day hourly baseline
MetricValue
Hourly coverage100.0% (720/720)
Median absolute 1h return0.91%
99th percentile of absolute 1h returns8.74%
Historical hourly BTC beta1.44 (719 matched returns)

OKX · USDT · Context as of 20/10/2026, 17:23 · Last included candle closed 20/10/2026, 17:00

Hourly descriptive statistics, not minute-move probabilities. Backfilled history never moves the observation cutoff above.

Event timeline

Source publication, receipt and analysis times are separate. All times UTC+8.

  1. Price window begins

  2. Price threshold observed

  3. Event first detected by this site

  4. Unusual-move data flash published

  5. Latest content update

Recent PHA events and market reactions

No other publication-ready PHA events yet.

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