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The BTC price in Binance Futures touched the levels of $2,707 due to a Kline (chart) display issue.
The problem that occurred on the Binance futures chart caused a brief panic. The BTC price fell sharply from $27,000 to $2,700, but quickly rose back to the $27,000 level. The absence of price changes in other data providers showed that this was a graphical error.
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Binance CEO CZ said recently, “There was a display issue with the BTC/USDT futures chart. There’s a problem in the user interface chart, but there’s no problem in the charts obtained through the API. The team is working to fix the problem and trading is not affected during this time.” CZ also noted that this was just a visual error and no trades were affected.
CZ identified the cause of the problem as coming from new codes added to the chart, and said it would be resolved within about 2 hours. Although no one may be affected by this situation, the chart appears to be very intimidating.
This is a display ONLY issue. Trading not affected. https://t.co/ZixcFVcxQU
— CZ 🔶 Binance (@cz_binance) September 29, 2023
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