In that simple version of the oscillator, both transistors are so heavily saturated at the start of the condition time that the duration of the conduction period is actually mostly determined by the charge storage time in both transistors, as you can see from this graph:
The green trace shows Q1B using the scale markings on the left. When conduction starts, it spikes at around +3V, but it rapidly trails off. The cyan trace shows Q1's base current, using the scale on the right, and as you can see, it falls to zero very quickly as well. The red trace, using the scale on the right, shows the Q1 collector current (and Q2 base current; they're the same). You can see that it doesn't start to fall until some time after Q1's base current has dropped to around zero.
This is caused by charge storage in Q1, and a similar effect can be seen due to charge storage in Q2 because the Q1B voltage (which is coupled to Q2C) doesn't start to fall immediately either. (Don't ask me to explain charge storage; I don't understand semiconductor physics.)
It's easier to understand the circuit when saturation in the transistors is reduced. To do this, I added a 10 kΩ resistor, RD, in series with CT, to limit the Q1 base current and Q1 saturation, and a 300Ω resistor, R1, to limit Q2's saturation. I had to increase RT to 1 MΩ and reduce CT to 330 pF to make the circuit oscillate at roughly the same frequency as before.

Here's the Q1B waveform:
... and here's a close-up of the active period, showing the Q1B voltage, Q1 base current, and Q1 collector current:
The red trace, Q1's collector current, starts to take off as Q1 begins to conduct (due to rising base voltage as CT charges through RT). This immediately causes conduction in Q2, and Q2C rises, coupling the increase back to Q1B and causing the bump in the cyan trace.
But now, Q1's base current (cyan trace) is limited by RD, and it peaks at only about 250 µA. This still saturates Q1 and its collector current (red trace) rises rapidly to about 6.5 mA.
As Q1's base current tapers off, Q1 falls out of saturation and its collector current (red trace) drops. A short time after it reaches zero, Q2 begins to turn OFF too, as evidenced by the rapid drop in the Q1B voltage (caused by the rapid fall in Q2C, coupled through CT).
With CT now charged with the Q1B side negative relative to the Q2C side, and Q2C pulled down to 0V by RL, Q1B is now negative and CT must charge in the other direction, through RT, before another conduction event will occur.
(also, the spike of Q1B voltage coincides with the start of LED flash right? just to confirm.)
Right.
i think i get the concept of astable multivibrator since that one has no steady state. but this 2Q relaxation oscillator has a possible steady state. am i right?
Yes, but it won't reach the steady state during normal operation. It will enter the stable state if CT is removed. That second circuit, with CT removed, stabilises at the following point:
Q1B voltage = 646 mV
Q1C and Q2B current = 714 µA
Q2C current = 112.9 mA
Q2C voltage = 1.13V