Bitcoin prices were hovering around $30,000 on major exchanges, but suddenly spiked to $138,000 yesterday on Binance US.

🚀 Volatility and market volatility are commonplace among crypto traders, but it's not every day that we see the price of Bitcoin soaring 450%.

🚀 The move only occurred on Binance US – an exchange that is experiencing some serious difficulties and has seen a drop in market depth of around 80%.

🚀 Therefore, the spike is a consequence of thin liquidity on the exchange, especially in the BTC-USDT market pair.

#BTC #bitcoin