$ETH In the middle of the night, there was a wild spike up and down in #Binance spot trading. Many people suspect it was intentionally designed as a "double liquidation" move. ETH's 1-minute candlestick shot from $2048 to $2158 in a few minutes and then dropped back, with a price difference of $120. The result was that a major market maker's grid trading bot went haywire. It was originally set to automatically buy low and sell high within a certain price range to profit from small fluctuations, but once the bug appeared, it started rapidly executing buy and sell orders.
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$ETH In the middle of the night, there was a wild spike up and down in #Binance spot trading. Many people suspect it was intentionally designed as a "double liquidation" move. ETH's 1-minute candlestick shot from $2048 to $2158 in a few minutes and then dropped back, with a price difference of $120. The result was that a major market maker's grid trading bot went haywire. It was originally set to automatically buy low and sell high within a certain price range to profit from small fluctuations, but once the bug appeared, it started rapidly executing buy and sell orders.