While the uptrend that started yesterday evening in Bitcoin contributed 7% to the price, there was an interesting price movement in Binance US, the US arm of Binance.
bitcoin on other exchanges $29,000Around the time of its launch, the price suddenly appeared on Binance US. 138070$It went to. After a momentary price movement, the price fell back to $29,000 levels.
At the moment of the said movement, we see that a volume of 62 BTC was created in Binance US. Considering that the volume of 62 BTC is quite low, two reasons come to the fore in this situation.
It is considered that the price movement in question was caused by the lack of liquidity in Binance US and such an error may have occurred because the board was empty. Because after the SEC sued Binance, many market makers withdrew their liquidity from Binance US.
In another possibility, considering that the error in question does not appear in data providers such as Tradingview, but only in the interface in Binance US, it is considered that this data may have been caused by a technical error in the trading engine.
Binance or Binance BASENo official statement on the matter has yet been received.
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