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BTC/USDT Sudden Drop To $2707 Due To Kline Display Issue

September 29, 2023 - Around 2 mins mins to read

Key Points:

  • BTC/USDT sudden drop to $2707 due to a Kline display issue.
  • The glitch was related to the UI aggregated Kline, not trading data.
  • The issue was identified, and engineers estimated a 2-hour ETA for resolution.
Binance exchange witnessed a BTC/USDT sudden drop to $2707 due to a Kline display issue, and trading remained unaffected. Resolution ETA: 2 hours.
BTC/USDT Sudden Drop To $2707 Due To Kline Display Issue
Source: Binance

In a surprising turn of events, the Binance exchange has witnessed a BTC/USDT sudden drop to $2707. Traders and crypto enthusiasts were left bewildered by the unexpected plunge. However, it wasn’t a market crash or manipulation that caused this sudden dip; it was a technical glitch.

Futures Kline Display Issue

The issue was related to the Futures Kline (chart) display on BTCUSDT. According to CZ, the CEO of a major crypto exchange, “The UI aggregated Kline has an issue, but the raw Kline via the API is working fine.” This was reassuring news for those concerned about the integrity of the data.

Trading Remained Unaffected

One crucial point to note is that despite the display issue, trading remained unaffected. This meant that while the chart displayed an alarming drop to $2707, actual trading continued smoothly.

The Binance exchange’s team quickly identified the root cause of the problem – some new code that had been introduced. They planned to revert the changes and fix the data to rectify the situation. CZ estimated an approximately one-hour timeframe for the fix, but users were advised to expect a delay of around two hours as a precaution.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

# BTC market

#BTC

#btcprice

Binance BTC

btc/usdt

Avatar of Thana

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Bitcoin

BTC/USDT Sudden Drop To $2707 Due To Kline Display Issue

Key Points:

  • BTC/USDT sudden drop to $2707 due to a Kline display issue.
  • The glitch was related to the UI aggregated Kline, not trading data.
  • The issue was identified, and engineers estimated a 2-hour ETA for resolution.
Binance exchange witnessed a BTC/USDT sudden drop to $2707 due to a Kline display issue, and trading remained unaffected. Resolution ETA: 2 hours.
BTC/USDT Sudden Drop To $2707 Due To Kline Display Issue
Source: Binance

In a surprising turn of events, the Binance exchange has witnessed a BTC/USDT sudden drop to $2707. Traders and crypto enthusiasts were left bewildered by the unexpected plunge. However, it wasn’t a market crash or manipulation that caused this sudden dip; it was a technical glitch.

Futures Kline Display Issue

The issue was related to the Futures Kline (chart) display on BTCUSDT. According to CZ, the CEO of a major crypto exchange, “The UI aggregated Kline has an issue, but the raw Kline via the API is working fine.” This was reassuring news for those concerned about the integrity of the data.

Trading Remained Unaffected

One crucial point to note is that despite the display issue, trading remained unaffected. This meant that while the chart displayed an alarming drop to $2707, actual trading continued smoothly.

The Binance exchange’s team quickly identified the root cause of the problem – some new code that had been introduced. They planned to revert the changes and fix the data to rectify the situation. CZ estimated an approximately one-hour timeframe for the fix, but users were advised to expect a delay of around two hours as a precaution.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.