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 “d...
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
More From Crypto News
Bitcoin Faces $16B Options Expiry Before U.S. Data, CME Settlement
Bitcoin is approaching a large-scale options expiry event reportedly worth $16 billion in notional value, coinciding with scheduled U. S.
Bitcoin Cash and Uniswap Rise as CME Group Announces Futures
Bitcoin Cash and Uniswap posted double-digit gains after CME Group announced plans to launch futures tied to the two assets. The moves put BCH and UNI among the...
XRP Hits $1.60 on $7.4B Volume as Futures Fail to Confirm Squeeze
XRP futures monthly trading volume had already reached a six-month high in the period leading up to this move, suggesting derivatives markets were increasingly...
Binance Reportedly Faces U.S. Investigation Over Iran-Linked Trading
S. prosecutors are reportedly examining Iran-linked trading activity on Binance, according to a report from CryptoPotato, adding a fresh layer of regulatory pre...
Cardano Integrates x402 as ADA Gains 6%
The Cardano Foundation announced on September 21, 2026 that Cardano is now part of the official x402 payment protocol SDK, enabling any application or AI agent...
Animoca Brands Pauses Currenc Merger Plan
Animoca Brands has paused its proposed merger with Currenc, a deal that would have served as the Web3 gaming and investment company’s route to becoming a public...
