Binance.US: Bitcoin Price Spikes to $138K.

Bitcoin is eyeing a return to $30,000 — but traders on Binance.US have been shown a very different price Binance’s US branch has come under criticism from market watchdogs on both sides of the aisle. It now looks to be having difficulty keeping.

Binance.Late Tuesday evening, the US listed the price of bitcoin at more over $138,000 for its tether (USDT) market – about 400% more .


According to TradingView data analysed by Blockworks, the unexpected increase lasted barely a few seconds. Binance.Us According to the US website, 62.22 BTC changed hands over that time period, which is around $1.8 million at current pricing.

If this is the case, the lack of liquidity meant that all available sale orders were instantly filled at reasonable prices. With only sky-high ‘funny bids’ to contend with,

Bitcoin Price Spikes to $138K on Binance.US

Binance.US has been contacted by Blockworks for further information. Such situations are usually mirrored in the other manner, with “flash crashes.” A similar occurrence occurred on Binance.US in October 2021, when the price of bitcoin fell 87% — from $65,000 to $8,200 — before immediately recovering. Binance. The United States blamed the event on a faulty trading algorithm. In December 2018,

Analysts concurred that the pricing disparities were caused by liquidity issues. Those premiums have subsequently been discontinued. The exchange’s market depth has declined nearly 80% over the past month on regulatory woes.


Bitcoin briefly reached $138,000 on crypto platform Binance.US earlier today in a price spike on the btc/tether trading pair, according to exchange statistics. Prices briefly reached those levels at 6:50 a.m. UTC before falling to parity.

Instead, the unusual wick was most likely caused by insufficient liquidity for bitcoin vs tether on Binance.US. According to market depth statistics, a $400,000 bitcoin purchase on this trading pair may boost prices by 2%, but the equivalent influence on the bitcoin/USD trade pair requires a minimum of $842,000.

The degree of liquidity in a financial market is referred to as market depth. As a result, according to a Kaiko analysis earlier this month, Binance.US’s market depth has decreased 76% since May, implying that market makers and traders.

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