The cause why the value of the BTC/USDT pair “divided by 10” is only two,700 USD on Binance Futures?

Binance Futures encountered a show error in the BTC/USDT pair, but exchange CEO CZ right away reassured himself.

The cause why the value of the BTC/USDT pair “divided by 10” is only two,700 USD on Binance Futures?

On the afternoon of September 29, 2023, Vietnam time, the local community was particularly baffled when they noticed the value of Bitcoin drop to just… USD two,707 on Binance Futures.

Specifically, the BTCUSDT pair on Binance Futures has a “moustache” candlestick at USD two,700, as proven in the screenshot under:

I had a mini heart assault for a though 😂 pic.twitter.com/mwr971Mzvg

— EvanLuthra.eth (@EvanLuthra) September 29, 2023

However, persons should not panic also a lot mainly because this is just a show error from the floor. But in actuality, the value of Bitcoin even now fluctuates all around the $27,000 mark.

Binance CEO Changpeng Zhao (CZ) speedily clarified on X (previous Twitter) that:

Futures Kline (chart) show situation on BTCUSDT. Aggregate UI Kline has problems, raw Kline by means of API will work fine.

Trading is not impacted.

The staff is fixed.

— CZ 🔶 Binance (@cz_binance) September 29, 2023

“An error occurred though viewing the Kline chart of the BTCUSDT pair on Binance Futures. There is only an error in the consumer interface (UI), but the raw Kline information by means of the API even now will work commonly.

Trading pursuits are not impacted at all.

We are doing work on a alternative.”

A number of minutes later on CZ continued to emphasize that it was ONLY a show error and did not have an impact on the user’s trading pursuits.

This is a show situation ONLY. Trading is not impacted. https://t.co/ZixcFVcxQU

— CZ 🔶 Binance (@cz_binance) September 29, 2023

Binance has also identified the root of the challenge and is doing work to correct it.

In basic, only the show component suffered losses, but there was no effect on the extended/brief positions of floor consumers. So everybody can chill out a tiny.

Coinlive compiled