Someone dumped BTC at market rate. Rip.
Not that the BTC billionaires are on here but if you want to dump half of the BTC supply, make sure to perform a limit order or else you’ll eat up all of the market buy orders and will end up selling at much much less than the market rate.
Conversely, if you have some idle cash sitting in binance doing nothing (not even staking) set up a buy order for significantly less than trading price to hopefully catch such orders that consume all of the near market rate buy orders.
Could be just someone market selling into an illiquid order Book, shit happens all the Time.
This has nothing to do with a scam.. beside that there are always people/ bots spoofing
Somebody fat fingered again.
Nothing to see here, it’s just Binance doing some stop hunting
Binance.us
Its called a scam wick.
Was it only on Binance?
Soooo stop losses were triggered but not the limit orders filled? Is that the consensus here?
Nothing to see here..just Binance doing what binance does..
You’ve been bamboozled
Binance scam attempt lol.
Cascading stop losses and long liquidations. Probably triggered by Binance insiders needing some cash.
Anyone bought ?
Stop loss harvesting. Easy when most of the trade volume are wash trades
You must be new here
This happened back in October 2021 on Binance.US as well, except the wick was 10x larger ($67K all the way down to $8,200).
Binance delisting USD .
Someone dumped BTC at market rate. Rip.
Not that the BTC billionaires are on here but if you want to dump half of the BTC supply, make sure to perform a limit order or else you’ll eat up all of the market buy orders and will end up selling at much much less than the market rate.
Conversely, if you have some idle cash sitting in binance doing nothing (not even staking) set up a buy order for significantly less than trading price to hopefully catch such orders that consume all of the near market rate buy orders.
A glimpse into the next week happened:))
Mark march 4th on your calendar. Coinbase doing maintenance. Im suspecting market moves.
That goddamn binance again
It means Warren Buffet was right and you should take your money out of crypto.
Theft
Binance is shit. That’s what happened.
probably a glitch
Could be just someone market selling into an illiquid order Book, shit happens all the Time.
This has nothing to do with a scam.. beside that there are always people/ bots spoofing
Someone got paid.
Some big whales manipulated the market