Express

Binance Seems to Have an Error with the Highest Price of Bitcoin Reaching US $82000 in a Short Time

Amy Liu

Summary: According to the BTC/TUSD chart on Binance, an extremely long wick appeared at 1am ET on November 17. Bitcoin started its green candle at $16,626, lit a wick at exactly $82,000, and closed the 60-minute trip at $16,635. A "human error" by a trader would most likely have activated a row of market orders before ...

According to the BTC/TUSD chart on Binance, an extremely long wick appeared at 1am ET on November 17. Bitcoin started its green candle at $16,626, lit a wick at exactly $82,000, and closed the 60-minute trip at $16,635.

A "human error" by a trader would most likely have activated a row of market orders before touching the $82,000 price mark. It would have taken an enormous amount of money changing hands to organically reach that price, practically depleting the trading pair's liquidity.

Thus, a bug is the most logical explanation. But Binance has not responded to this matter.

By Amy Liu

Last Update:

Tags: ,,
Link: Binance Seems to Have an Error with the Highest Price of Bitcoin Reaching US $82000 in a Short Time   [Copy]
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 10 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago
  • You need to login to comment.