Daily Archives: 22/10/2021

On Binance.US, the bitcoin rate collapsed to $ 8,200 due to an error in the trading algorithm

Yesterday, on the site of the American division of the Binance exchange, the BTC rate collapsed to $ 8,200. Binance.US reported that the reason was an error in the algorithm for institutional clients. On Thursday, October 21, at about 14:30 Moscow time on the Binance.US trading platform, the bitcoin rate paired with the US dollar in a few seconds fell from $ 65,760 to $ 8,200. The decline was also recorded on other sites, but…

Research: open interest in bitcoin futures returns to record levels

According to data from analytical website Bybt, the aggregate open interest in Bitcoin futures contracts on major exchanges is $ 27.2 billion. This is slightly less than the figure fixed in mid-April – $ 27.38 billion. The growth of open interest in futures for bitcoin occurs against the background of the rise in the bitcoin rate to $ 66-67 thousand. An increase in open interest signals an increase in liquidity in the market, which is…