An interesting price movement occurred on Binance US, where Bitcoin surged to $138,070 and then dropped back to levels around $29,000.
It is noted that this sudden price movement occurred on Binance US while Bitcoin was trading around $29,000 on other exchanges. However, considering the low trading volume of only 62 BTC, there are two possible reasons for this occurrence.
The first possibility is attributed to a lack of liquidity and low trading volume on Binance US, which may have led to such an error. It is known that many market makers withdrew their liquidity from Binance US, especially after the SEC filed a lawsuit against Binance.
The second possibility is that this error may have originated from a technical glitch in the trading engine, as the data was only visible on the Binance US interface and not reflected on data providers like Tradingview. Official statements regarding this matter have not been released by Binance or Binance US at the moment.
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