2023-06-21 14:43:04
according to Binance.US official datashowat 9:24 a.m. Taiwan time on the 21st, the price of the BTC/USDT spot trading pair “flashed up” to 138,070 US dollars, which was nearly 400% higher than other bitcoin trading markets. However, it only lasted for a few seconds before returning to Similar to the rest of the Bitcoin market at $29,000, $29,520 at press time.
Bitcoin price above $138,000 should have been an accident
Binance.US The price of bitcoin trading pairs in the trading market suddenly appeared to be nearly 400% higher than other markets. It should be just an accident. There are several possible situations. One is that some users buy bitcoin at a premium of 400%, but this situation is almost impossible to hold .Another possible reason is Binance.US The BTC/USDT trading pair on the website is not liquid enough, and other Binance.US A similar situation did not occur for trading pairs.
At the time when the skyrocketed, there was a transaction of 62.22 bitcoins, which was regarding $1.8 million at that time. According to the in-depth data of the market, buying $400,000 of Bitcoin from the BTC/USDT trading pair can increase the price by 2%, while buying at least $842,000 on the BTC/USDC trading pair can have the same impact.
But it’s not Binance.US It was the first time a similar situation occurred. As early as October 2021, Bitcoin had a flash crash of 87%, leaving $8,000, and then the price returned to normal. Binance.US pointed out at the time that it was because of a loophole in the trading algorithm the resulting results.
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