Why did SUI drop 1.96% in 5 minutes? Evidence check: Sui falls in a five-minute move as most tracked coins decline · 2026-10-24
Sui dropped over a five-minute window on Gate's SUI/USDT market, outpacing Bitcoin's smaller decline and moving alongside most other tracked coins. No report in the monitored feeds explains the move, so its cause is unresolved.
A price move is an observation, not evidence for any report.
Price moved beyond its alert threshold · moved with the wider market
Recent market watch news
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): No matching source available
SUI changed -1.96% in 5 minutes (24/10/2026, 14:13 to 24/10/2026, 14:18, UTC; Gate · USDT). The cause remains unresolved.
On the OKX perpetual swap SUI-USDT-SWAP around the alert: funding rate +0.0045% per 8h period; open interest -0.33% (24/10/2026, 14:10 → 24/10/2026, 14:20); liquidations $313,218 long / $0 short (UTC). These are conditions that accompanied the move, not its cause.
SUI after this site detected it
- 5 minutes-0.47%vs BTC -0.22 pp
- 1 hour-1.54%vs BTC -0.28 pp
- 24 hours—Window not complete
The unusual move
| Metric | Value |
|---|---|
| 5 minute return | -1.96% |
| BTC over the same interval | -0.59% |
| Difference from BTC | -1.37 pp |
| OKX perpetual funding rate (per period) | 0.0045% / 8h OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · Rate observed at collection; not annualized yield or a realized settlement. |
| OKX perpetual open interest change | -0.33% OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · 24/10/2026, 14:10 → 24/10/2026, 14:20 (UTC) · OI measured in coin units, not dollar value. |
| Observed long liquidations | $313,218 OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · 24/10/2026, 14:13 → 24/10/2026, 14:19 (UTC) · Returned API records cover this sampled interval; not market-wide totals. |
| Observed short liquidations | $0 OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · 24/10/2026, 14:13 → 24/10/2026, 14:19 (UTC) · Returned API records cover this sampled interval; not market-wide totals. |
| Detection threshold | 1.50% |
| Actual interval (UTC) | 24/10/2026, 14:13 → 24/10/2026, 14:18 |
| Sampled prices / source | 0.9384 → 0.92 · Gate · 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 report in the monitored sources explains this move; the explanation above uses market data only.
Still unresolved
- Whether an exchange listing, notice or project announcement around this time could explain the drop
- Whether on-chain flows or broader market news account for the move
Model-assisted explanation; citations, numbers and output format are checked. This is not independent semantic verification.
Nearby reports and timing
Research: announcement timestamps and causality →
No matching reports in the monitored sources and time window. Coverage is incomplete.
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.
| Window | Return | BTC | Difference from BTC (pp) | Actual sampled interval / source |
|---|---|---|---|---|
| 5 minutes | -0.47% | -0.25% | -0.22 pp | 24/10/2026, 14:20 → 24/10/2026, 14:26 (UTC) Gate · USDT |
| 1 hour | -1.54% | -1.26% | -0.28 pp | 24/10/2026, 14:20 → 24/10/2026, 15:20 (UTC) Gate · USDT |
| 24 hours | — | — | — | Awaiting a complete valid window |
Historical market context · baseline not ready
Research: hourly returns and BTC beta →
Closed hourly candles from the 30 days before this event observation. Different venues are kept separate.
| Metric | Value |
|---|---|
| Hourly coverage | 0.0% (0/720) |
| Median absolute 1h return | — |
| 99th percentile of absolute 1h returns | — |
| Historical hourly BTC beta | — (0 matched returns) |
Gate · USDT · Context as of 24/10/2026, 14:18 · Last included candle closed Not available
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.
Price window begins
Price threshold observed
Event first detected by this site
Unusual-move data flash published
English explanation generated
Latest content update
Recent SUI events and market reactions
- Why did SUI drop 0.71% in 1 minute? Evidence check: Sui falls in a sharp one-hour drop as most tracked coins decline together · 2026-10-20 [Received 20/10/2026, 16:17 (UTC) · Cause unresolved · Market watch · 5m -0.22% / 1h +0.65% / 24h +3.59%]
- Why did SUI drop 0.98% in 1 minute? Evidence check: Sui falls in a sharp one-hour drop alongside most tracked coins · 2026-10-20 [Received 20/10/2026, 15:13 (UTC) · Cause unresolved · Market watch · 5m +0.49% / 1h +0.48% / 24h +3.72%]
- Why did SUI go up 1.02% in 1 minute? Evidence check: Sui rises in a sharp hourly move alongside most tracked coins · 2026-10-20 [Received 20/10/2026, 14:07 (UTC) · Cause unresolved · Market watch · 5m +0.34% / 1h +0.23% / 24h -0.60%]
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