{"id":32026,"date":"2020-11-19T13:18:57","date_gmt":"2020-11-19T11:18:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32026"},"modified":"2025-08-28T06:40:46","modified_gmt":"2025-08-28T03:40:46","slug":"bitcoin-price-on-binance-briefly-jumped-to-82000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-on-binance-briefly-jumped-to-82000\/","title":{"rendered":"Bitcoin price on Binance briefly jumped to $82,000"},"content":{"rendered":"

On the morning of November 17, the price of the leading cryptocurrency on the Binance exchange jumped 390% in an instant to $82,000. reports<\/a> Decrypt.<\/p>\n

The price of Bitcoin in the BTC\/TUSD pair rose from $16,626 to $82,000, before retreating to $16,635.<\/p>\n

\"Bitcoin<\/p>\n

BTC\/TUSD trading pair on Binance. Source: Binance.<\/p>\n<\/div>\n

In BTC-dollar and BTC-stablecoin pairs with USDC, BUSD, DAI, PAX and USDT, there was no sharp price movement.<\/p>\n

At the moment of the price spike, trading volume in the BTC\/TUSD pair on a one-minute interval reached 28 BTC.<\/p>\n

Given the relatively low trading volume during that period, the price spike was likely the result of an error.<\/p>\n

Likely, an unknown trader bought bitcoins at that price, either deliberately or by mistake.<\/p>\n

\n

\u201cIt would take a tremendous amount of money moving through the market to reach this price naturally, which would essentially drain the liquidity of the trading pair,\u201d the publication writes.<\/p>\n<\/blockquote>\n

Update:<\/strong> Exchange representatives told ForkLog that the price spike was connected to the creation of a market order on an illiquid pair.<\/p>\n

Similar price spikes have occurred on Binance before. On October 28, in the ETH\/USD perpetual contract chart, the so-called Darth Maul candle appeared, which activated trades at certain prices without passing through the standard order-sourcing procedures. The Ethereum price briefly rose from $386 to $571, then fell to $197.<\/p>\n

\"Bitcoin<\/p>\n

Darth Maul candle. Source: Binance<\/p>\n<\/div>\n

In August, the price of the bitcoin quarterly futures surged by 800% to $99,000.<\/p>\n

Earlier ForkLog reported that on November 18 an unknown user executed<\/a> a transaction of 0.01088549 BTC, for which a fee of 2.66038352 BTC (more than $47,000 at the time) was paid.<\/p>\n

Subscribe to ForkLog updates on Telegram: ForkLog Feed<\/a> \u2014 the full news stream, ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"

On the morning of November 17, the price of the leading cryptocurrency on the Binance exchange jumped 390% to $82,000. Decrypt reports.<\/p>\n","protected":false},"author":1,"featured_media":32027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,18],"class_list":["post-32026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bitcoin"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32026"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32026\/revisions"}],"predecessor-version":[{"id":32028,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32026\/revisions\/32028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32027"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}