Debris avalanche deposits are developed on slopes in various environments, including submarine volcanoes, continental volcanoes, continental slopes, and mountain ranges. In contrast, research is relatively scarce on the coarse-grained subaqueous debris avalanche deposits formed by the collapse of steep basin margins in continental small rift basins, which are controlled by tectonics. Through the interpretation of satellite imagery, field investigations, and the study of the morphological characteristics and internal structures of sediments, a massive debris avalanche event during the Early Cretaceous, Xiguayuan Formation of the Luanping Basin at the northern edge of the Yanshan tectonic belt on the North China Block, named the Wangying Debris Avalanche Deposit (WYDAD), has been identified and analyzed for its kinematics, dynamics, and long-runout mechanisms. The study reveals that based on sedimentology, internal structures, and basal characteristics, five different types of sedimentary morphologies can be identified from the source zone to the distal zone: convergent ridges and grooves (longitudinal expansion and lateral compression), transverse ridges and grooves (compression), longitudinal ridges and grooves (shearing and stretching), arcuate ridges and grooves (compression), and mixed sediments (radial extension). The grain size of coarse-grained debris avalanche deposits decreases with increasing transport distance and fragmentation due to jigsaw cracking, while matrix content increases. Additionally, the entrainment of fine-grained substrate and the mixing of lake waters during the transport of debris avalanches often evolve into secondary debris flows or high-density turbidity currents. Debris avalanches are likely primarily controlled by regional tectonic activity and volcanic action. Compared to subaerial debris avalanche deposits, the subaqueous WYDAD exhibits characteristics such as low fragmentation, smooth underwater terrain due to water resistance and buoyancy, and higher fluidity. The mechanism for the long-distance, high-speed transport of the WYDAD is explained by “hydroplaning” and high pore pressure generated by non-draining shear. This study provides insights into the transport processes of coarse-grained subaqueous debris avalanche deposits in continental rift basins. It verifies whether such sediments can serve as a primary sedimentary system for CCUS or potential resource storage.