BR crashed suddenly, then surged 3 times in 2 hours...why?
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Lightning Crash, Then Surging 3-Fold Within 2 Hours... #
Contract Long and Short Both Killed, No One Survived, Simple Review: 1⃣ In the early morning,
suddenly crashed on Binance Futures, dropping from 0.08 U to 0.042 U, then quickly rebounding to 0.08 U. 2⃣ Two hours later,
surged 60%, breaking through 0.12 U. 3⃣ Currently, stabilizing at $0.127.
BR is the first choice for Binance Alpha users to earn points! The transaction volume of the entire chain ranks first!
Because it has 47 million U liquidity on the chain, and the market value is only 27 million! For a long time, no matter how the market fluctuates, it is as stable as Mount Tai, and people give it the nickname "stable currency"
Why the sudden flash crash and surge?
@0xfengxun analysis: The plunge was caused by a plunge in the spot market of a smaller exchange. The index price of Binance Contracts is calculated based on the weighted average of several other exchanges-but the price of Binance Alpha is not included.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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