Proof · Brief

What CoinGraph said about kaspa, exactly as issued.

Issued 2026-10-17 23:16:49 UTC · id 1887

KAS -2.2% in 30 min to $0.0347 on thin Bybit volume; no sign of a leverage flush

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✓ Fingerprint

Computed from the stored object

✓ Sources

60 source calls recorded around issue time

◷ Chainlink CRE attestation

Pending: the workflow attests new proofs every few minutes; the fingerprint above is the commitment

SHA-256 fingerprint

fb21acddcdfdf8e80347c7e743c661e33b81f77812b03bf2c898dcf3f8bd28cf

The fingerprint is the SHA-256 of the object below written as canonical JSON (keys sorted, no spaces). Change one character and it changes completely, so nobody, including CoinGraph, can quietly edit what was said.

Check it yourself
curl -s https://coingraph.ai/api/v1/verify/1887

Source calls behind it

ProviderEndpointAt (UTC)LatencyOK
nownodesbsc:eth_getLogs23:16:45722 ms✓
nownodesbsc:eth_getLogs23:16:421702 ms✓
coingecko/coins/markets23:16:41528 ms✓
ccxt:binanceusdmklines:1m23:16:187753 ms✓
ccxt:binanceklines:1m23:16:165526 ms✓
ccxt:okxklines:1m23:16:087346 ms✓
ccxt:bybitklines:1m23:16:08880 ms✓
ccxt:gateklines:1m23:16:081306 ms✓
ccxt:krakenklines:1m23:16:084022 ms✓
nownodeseth:eth_getLogs23:16:022409 ms✓
coingecko/coins/markets23:15:41474 ms✓
ccxt:binanceusdmfuturesSentiment:5m23:15:3134774 ms✓
ccxt:binanceusdmklines:1m23:15:2310154 ms✓
ccxt:binanceusdmfuturesSentiment:5m23:15:2137736 ms✓
ccxt:binanceusdmopenInterestHist:5m23:15:2112347 ms✓
ccxt:binanceklines:1m23:15:196848 ms✓
ccxt:bybitfetchFundingRates23:15:17140 ms✓
ccxt:okxfetchFundingRates23:15:16221 ms✓
ccxt:binanceusdmfetchFundingRates23:15:15178 ms✓
ccxt:binanceusdmopenInterestHist:5m23:15:098882 ms✓
ccxt:okxklines:1m23:15:081523 ms✓
ccxt:bybitklines:1m23:15:08891 ms✓
ccxt:gateklines:1m23:15:081142 ms✓
ccxt:krakenklines:1m23:15:084159 ms✓
coingecko/coins/markets23:14:41404 ms✓
The exact object (9,663 bytes)
{
  "id": "1887",
  "token": {
    "id": "kaspa"
  },
  "headline": "KAS -2.2% in 30 min to $0.0347 on thin Bybit volume; no sign of a leverage flush",
  "brief": {
    "caveats": [
      "Volume data covers only Bybit spot, which traded small amounts ($96.7K over the window). Activity on other venues is unknown.",
      "There is no Kaspa onchain, news or exchange-flow data, so the trigger for the 21:25–21:45 drop cannot be identified.",
      "Binance taker buy/sell data was unavailable.",
      "The move is small in absolute terms (-1.24% over the window) even though the alerts rated it statistically unusual."
    ],
    "onchain": [
      {
        "text": "The evidence contains no Kaspa-chain onchain data, so exchange flows and whale movements cannot be assessed. The only onchain item is Ethereum gas (base fee 0.05 gwei vs a 0.06 24h average, blocks 51% full), which is quiet and not relevant to KAS.",
        "evidence": [
          "E6"
        ]
      }
    ],
    "summary": "KAS drifted from $0.03560 to $0.03547 between 19:45 and 21:15, then dropped about 2.2% to $0.03469 by 21:45. That sell-off triggered CoinGraph price-move alerts (1h return -2.81%, z-score 4.3). The drop came on below-normal Bybit volume, flat open interest and neutral funding, during a broadly weak market. The evidence shows no specific catalyst. KAS was back at $0.03516 by 23:15.",
    "headline": "KAS -2.2% in 30 min to $0.0347 on thin Bybit volume; no sign of a leverage flush",
    "severity": 1,
    "direction": "bearish",
    "confidence": 0.45,
    "watch_next": [
      "Whether the 21:45 low of $0.03469 holds or is retested; the price was back at $0.03516 by 23:15",
      "Binance open interest and long/short ratio: with the long lean at 1.65, a drop in OI would show longs exiting",
      "Bybit hourly volume rising above about $26.5K on another leg down",
      "BTC and ETH direction, and whether total market cap keeps falling",
      "Funding turning clearly negative across venues"
    ],
    "likely_causes": [
      {
        "cause": "Selling in a weak broader market and an existing KAS downtrend. KAS has the higher beta: it fell more than BTC and ETH over the same window.",
        "evidence": [
          "E7",
          "E1",
          "E8"
        ],
        "confidence": 0.45
      },
      {
        "cause": "Thin liquidity made the price move more than the volume would suggest. About $34K of selling in one minute on Bybit, plus follow-through, was enough to push the price down roughly 2%.",
        "evidence": [
          "E2",
          "E1"
        ],
        "confidence": 0.35
      },
      {
        "cause": "Liquidations or forced deleveraging are not supported. Binance open interest was essentially flat (+0.13% over 1h) and funding was neutral.",
        "evidence": [
          "E3",
          "E4"
        ],
        "confidence": 0.15
      },
      {
        "cause": "No specific news or onchain catalyst appears in the evidence, so the direct trigger is unexplained.",
        "evidence": [],
        "confidence": 0.5
      }
    ],
    "what_happened": [
      {
        "text": "KAS fell 1.24% over the window (high $0.03560, low $0.03469). The price held near $0.0355 until 21:15 ($0.03547), then dropped to $0.03505 at 21:30 and $0.03469 at 21:45, roughly -2.2% in 30 minutes.",
        "evidence": [
          "E1"
        ]
      },
      {
        "text": "CoinGraph flagged a high-severity downside price move at 21:40 (1h return -2.81%, 15m -2.02%, z-score 4.3) and a medium-severity one at 21:45 (1h -2.28%, z-score 3.39).",
        "evidence": [
          "E10"
        ]
      },
      {
        "text": "On Bybit KAS/USDT the sell-off began at 21:25. The busiest minute was 21:30, with $34.2K traded and a -0.371% move, followed by smaller down minutes at 21:32, 21:34 and 21:37 ($6.8K–$8K each). Bybit volume in the last hour was $23.5K, 0.9× a typical hour, so the selling was not unusually heavy.",
        "evidence": [
          "E2"
        ]
      },
      {
        "text": "After the window the price partly recovered: $0.03516 at 23:15, up 0.55% over 1h. The 24h change is -3.2% and the 7d change is -13.95%.",
        "evidence": [
          "E1"
        ]
      }
    ],
    "market_context": [
      {
        "text": "The wider market was soft. Over the same window BTC fell 0.32% and ETH fell 1.01%, and total crypto market cap is down 3.38% in 24h. Fear & Greed is at 55 (Greed), down from 64 a week ago.",
        "evidence": [
          "E7",
          "E8"
        ]
      },
      {
        "text": "Leverage is small and balanced. Binance open interest is $2.4M. Funding per 8h is +0.005% on Binance and -0.0025% on Bybit, both below the ~0.01% norm.",
        "evidence": [
          "E3",
          "E4"
        ]
      },
      {
        "text": "Positioning leans long. On Binance the all-accounts long/short ratio is 1.65 and top traders by position are at 1.78. Taker buy/sell data was unavailable.",
        "evidence": [
          "E5"
        ]
      },
      {
        "text": "KAS is on CoinGecko's trending searches and community sentiment is 87% positive. It ranks #77 with a $976M market cap and $8.6M in 24h volume.",
        "evidence": [
          "E7",
          "E9",
          "E1"
        ]
      }
    ]
  },
  "evidence": {
    "name": "Kaspa",
    "items": [
      {
        "id": "E1",
        "data": {
          "ath": 0.207411,
          "low": 0.03469373,
          "high": 0.03560322,
          "rank": 77,
          "as_of": "2026-10-17T23:15:00.000Z",
          "price": 0.0351612,
          "path_15m": [
            {
              "t": "2026-10-17T19:45:00.000Z",
              "price": 0.03560322
            },
            {
              "t": "2026-10-17T20:00:00.000Z",
              "price": 0.03557453
            },
            {
              "t": "2026-10-17T20:15:00.000Z",
              "price": 0.03556345
            },
            {
              "t": "2026-10-17T20:30:00.000Z",
              "price": 0.03550446
            },
            {
              "t": "2026-10-17T20:45:00.000Z",
              "price": 0.03549262
            },
            {
              "t": "2026-10-17T21:00:00.000Z",
              "price": 0.03546556
            },
            {
              "t": "2026-10-17T21:15:00.000Z",
              "price": 0.03547055
            },
            {
              "t": "2026-10-17T21:30:00.000Z",
              "price": 0.03504898
            },
            {
              "t": "2026-10-17T21:45:00.000Z",
              "price": 0.03469373
            }
          ],
          "market_cap": 976115937,
          "volume_24h": 8592547,
          "change_1h_pct": 0.55397170343082,
          "change_7d_pct": -13.953054134064692,
          "change_24h_pct": -3.20435,
          "window_return_pct": -1.24
        },
        "kind": "price",
        "source": "coingecko:/coins/markets",
        "summary": "KAS $0 now; -1.24% over the window (high $0, low $0); 1h +0.55%, 24h -3.2%, 7d -13.95%; rank #77, market cap $976.1M, 24h volume $8.6M"
      },
      {
        "id": "E2",
        "data": {
          "ratio": 0.8876975760163263,
          "venue": "bybit",
          "symbol": "KAS/USDT",
          "volume_1h_usd": 23508.0459289,
          "busiest_minutes": [
            {
              "v": "34158.8270172",
              "ts": "2026-10-17T21:30:00.000Z",
              "ret": "-0.371",
              "close": "0.03489"
            },
            {
              "v": "7956.6028035",
              "ts": "2026-10-17T21:32:00.000Z",
              "ret": "-0.201",
              "close": "0.03471"
            },
            {
              "v": "7795.6149675",
              "ts": "2026-10-17T21:34:00.000Z",
              "ret": "-0.461",
              "close": "0.03455"
            },
            {
              "v": "6771.5187630",
              "ts": "2026-10-17T21:37:00.000Z",
              "ret": "-0.317",
              "close": "0.03455"
            },
            {
              "v": "5811.4805799",
              "ts": "2026-10-17T21:25:00.000Z",
              "ret": "-0.284",
              "close": "0.03511"
            }
          ],
          "volume_window_usd": 96714.6019607,
          "median_hourly_24h_usd": 26482.0436194
        },
        "kind": "spot_volume",
        "source": "bybit:klines:1m",
        "summary": "bybit KAS/USDT: $23.5K traded in the last hour vs a typical hour of $26.5K (0.9×); busiest minutes: 21:30 $34.2K (-0.371%), 21:32 $8K (-0.201%), 21:34 $7.8K (-0.461%), 21:37 $6.8K (-0.317%), 21:25 $5.8K (-0.284%)"
      },
      {
        "id": "E3",
        "data": {
          "as_of": "2026-10-17T23:15:00.000Z",
          "change_1h_pct": 0.13,
          "change_4h_pct": 0.1,
          "open_interest_usd": 2361624.86439
        },
        "kind": "open_interest",
        "source": "binanceusdm:openInterestHist:5m",
        "summary": "Binance futures open interest $2.4M: +0.13% vs 1h ago, +0.1% vs 4h ago"
      },
      {
        "id": "E4",
        "data": {
          "rates": [
            {
              "venue": "binanceusdm",
              "symbol": "KAS/USDT:USDT",
              "funding_rate_pct": 0.005
            },
            {
              "venue": "bybit",
              "symbol": "KAS/USDT:USDT",
              "funding_rate_pct": -0.002486
            }
          ]
        },
        "kind": "funding",
        "source": "ccxt:fetchFundingRates",
        "summary": "Funding per 8h: binanceusdm 0.0050%, bybit -0.0025% (positive = longs pay; ~0.01% is normal)"
      },
      {
        "id": "E5",
        "data": {
          "as_of": "2026-10-17T23:15:00.000Z",
          "taker_buy_sell": null,
          "global_long_short": 1.6455,
          "top_account_long_short": 2.202,
          "top_position_long_short": 1.7816
        },
        "kind": "positioning",
        "source": "binanceusdm:futuresSentiment:5m",
        "summary": "Binance positioning: all accounts long/short 1.65, top traders by position 1.78, taker buy/sell undefined (>1 = net buying)"
      },
      {
        "id": "E6",
        "data": {
          "as_of": "2026-10-17T23:02:00.000Z",
          "chain": "eth",
          "base_fee_gwei": 0.045293742973333335,
          "gas_used_ratio": 0.5064723895932675,
          "avg_base_fee_24h_gwei": 0.062456128533472224,
          "priority_fee_p50_gwei": 0.01601681454666666
        },
        "kind": "network_fees",
        "source": "nownodes:eth:eth_feeHistory",
        "summary": "ETH base fee 0.05 gwei (24h average 0.06), blocks 51% full"
      },
      {
        "id": "E7",
        "data": {
          "trending": true,
          "categories": [
            "Smart Contract Platform",
            "Layer 1 (L1)",
            "Wallets",
            "Proof of Work (PoW)",
            "Kaspa Ecosystem",
            "Made in USA",
            "Directed Acyclic Graph (DAG)"
          ],
          "btc_change_24h_pct": -0.51399,
          "btc_window_return_pct": -0.32,
          "eth_window_return_pct": -1.01,
          "global_market_cap_change_24h_pct": -3.383521729432433
        },
        "kind": "market_context",
        "source": "coingecko:/coins/markets+/global",
        "summary": "Market: BTC -0.32% and ETH -1.01% over the same window; total crypto market cap -3.38% in 24h; KAS is in CoinGecko's trending searches; categories: Smart Contract Platform, Layer 1 (L1), Wallets, Proof of Work (PoW)"
      },
      {
        "id": "E8",
        "data": {
          "day": "2026-10-17T00:00:00.000Z",
          "value": 55,
          "week_ago": 64,
          "classification": "Greed"
        },
        "kind": "market_mood",
        "source": "alternative.me:/fng",
        "summary": "Crypto Fear & Greed index 55 (Greed) today, 64 a week ago"
      },
      {
        "id": "E9",
        "data": {
          "as_of": "2026-10-17T00:00:41.947Z",
          "forks": null,
          "stars": null,
          "commits_4w": null,
          "prs_merged": null,
          "sentiment_up_pct": 86.67,
          "twitter_followers": null,
          "reddit_subscribers": null
        },
        "kind": "dev_and_community",
        "source": "coingecko:/coins/{id}",
        "summary": "developer activity: not tracked by CoinGecko for this coin; CoinGecko sentiment 87% positive (as of 2026-10-17)"
      },
      {
        "id": "E10",
        "data": {
          "signals": [
            {
              "id": "115617",
              "kind": "price_move",
              "ratio": 4.3,
              "value": -2.811,
              "details": {
                "z_1h": 4.3,
                "price": 0.03450848,
                "ret_1h_pct": -2.811,
                "ret_15m_pct": -2.016
              },
              "baseline": 0.666,
              "event_ts": "2026-10-17T21:40:00.000Z",
              "severity": 3,
              "direction": "down"
            },
            {
              "id": "116496",
              "kind": "price_move",
              "ratio": 3.39,
              "value": -2.275,
              "details": {
                "z_1h": 3.39,
                "price": 0.03469373,
                "ret_1h_pct": -2.275,
                "ret_15m_pct": -1.014
              },
              "baseline": 0.68,
              "event_ts": "2026-10-17T21:45:00.000Z",
              "severity": 2,
              "direction": "down"
            }
          ]
        },
        "kind": "signals",
        "source": "coingraph:signals",
        "summary": "Triggered by: price_move (down, high) at 21:40; price_move (down, medium) at 21:45"
      }
    ],
    "symbol": "KAS",
    "window_to": "2026-10-17T21:46:28.926Z",
    "gathered_at": "2026-10-17T23:16:25.219Z",
    "window_from": "2026-10-17T19:46:28.926Z",
    "coingecko_id": "kaspa"
  },
  "model": "claude-opus-5-5"
}