Bitcoin flash crashes to $8200 at Binance.us

[Luzin]

This flash crash doesn't seem to have any effect on other exchanges, considering it happens frequently on some exchanges, hopefully it's not a sign of a bitcoin price crash, currently bitcoin is going through the 100k price as predicted by many experts, so let's have a look at that at the end of this year

Yes it doesn't matter because it only happens on Binance us. But if we go to the fundamentals then this is bad news. This can make investors panic, so they choose to secure their assets. Regarding this issue, has there been an official announcement from Binance? I doubt if this is purely a bug or if someone sells a large number of bitcoins for under $10k. Today I also observed the price bitcoin, the price seems to be going down since the news.

[AakZaki]

It just goes to show you that placing a far lower than the market buy order and just parking it there can sometimes reap unexpected rewards.  It also goes to show when someone want to cash out, they will sometimes take whatever they can at that time as they obviously needed the cash more than they needed the crypto.

Maybe it's just luck, and I'm sure it won't all last, because putting a price below $15K for bitcoin is a price that's not in my analysis anymore. Although I know in crypto anything can happen. The drop from $62k to $8.2k is almost 800%, maybe for those lucky enough to get the low price it's your day. If this isn't purely a Binance Bug, I think bitcoin sellers are too stupid to sell them in one click.

[batang_bitcoin]

What a lucky and poor guy, the seller and buyer. I think that alone is someone who placed order to sell his bitcoin that lack of zero at the end and entered it badly resulting to that crash for a while. To the person who have bought and saw it quickly, well, it's the sellers fault and there's no responsibility for him to return it but if he's too kind enough then how he's going to return it because many will start to acclaim that they're the one who did the mistake.