Binance futures market releases package, BTC price exceeds $400,000
In the Binance BTC/USDT perpetual contract market, the price once soared to more than $400,000 on the afternoon of the 28th.
This is not the first time this phenomenon has happened to Binance this year.
Remember before some major moves we have a “glitch” on exchanges?) Today Binance btc/usdt perp give us a sign? $btc pic.twitter.com/D5xb2k5X9Z
— Bitcoin Life (@Cryptosaround) December 29, 2023
Binance: K line display problem
Binance immediately issued a document stating that this was a display issue and that all transactions were not affected by this, and the repair was completed in about half an hour.
The display issue on USDT-Margined BTC/USDT Futures has now been resolved.
You will now be able to view the chart with no visual errors.
Thank you for your patience and we apologise for any inconvenience caused.
— Binance (@binance) December 29, 2023
Binance also had display issues in September
The same Binance BTC/USDT perpetual contract market also experienced abnormal pin insertion on the afternoon of September 29 this year, with the price crashing to around $2,706 multiple times, which is only 1/10 of the normal price.
Changpeng Zhao (CZ) said at the time that this was a display problem of the K-line in the user interface. There was no abnormality in the K-line data through the API, so it would not have an impact on transactions.
(Binance Bitcoin Perpetual Contract Crazy Pin! Multiple crashes to $2,706, CZ: only a display issue)
This article Binance Perpetual Contract Market Outsourced, BTC Price Exceeded 400,000 US Dollars first appeared on Chain News ABMedia.
