---
title: "Why did PHA move -1.23% in 1 minute? Evidence check · 2026-10-20"
language: en
canonical: "https://whycoinmoves.com/en/events/pha-move-1792488180"
published: 2026-10-20T09:23:58.000Z
updated: 2026-10-20T09:23:59.000Z
indexable: false
---

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

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

## Key facts

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.
In the preceding 30 days, the 99th percentile of absolute hourly returns was 8.74% (OKX · USDT; cutoff 20/10/2026, 17:23, UTC+8). This hourly baseline is not directly comparable with a minute move.

## Returns after site detection

| Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC+8) | Source |
| --- | --- | --- | --- | --- | --- |
| 5 minutes | — | — | — | — | — |
| 1 hour | — | — | — | — | — |
| 24 hours | — | — | — | — | — |

## Detected price interval

| Metric | Value |
| --- | --- |
| Window | 1 min |
| Sampled prices | 0.06007 → 0.05933 |
| Return / BTC difference | -1.23% / -1.22 pp |
| Detection threshold | 0.732891422444419% |
| Source | OKX · USDT |

## Historical hourly baseline

| Metric | Value |
| --- | --- |
| Ready | true |
| Coverage | 100.0% (720/720) |
| Median absolute hourly return | 0.91% |
| 99th percentile of absolute hourly returns | 8.74% |
| BTC beta | 1.44 |
| Source / cutoff (UTC+8) | OKX · USDT / 20/10/2026, 17:23 |

## Claims and open questions

- No independently verified causal explanation is available.

## Source evidence



## Recent PHA events and market reactions

No other publication-ready PHA events yet.

- [Full coin archive](<https://whycoinmoves.com/en/coins/pha>)

## Recent Market watch events on other coins

- [BTC: BlackRock files for buffer Bitcoin ETF as IBIT draws $665M in a day](<https://whycoinmoves.com/en/events/bitcoin-8a04a927f96ab9>)
- [Market watch](<https://whycoinmoves.com/en/topics/market>)

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