Flash crash on Binance.US

A massive flash crash occurred on Binance.US on Thursday, leading to a market wide sell-off.
Source: Tradingview

On Thursday 11:34:17 (UTC), something out of the ordinary occurred on Binance.US. A sudden massive selling pressure cleared the order book on Binance.US, leading bitcoin to trade at lows of $8,200 on the exchange from 11:34:20 to 11:34:30.

The volume on Binance.US exploded. In these 13 seconds, 550 BTC shifted hands on the exchange. For reference, the average 13-second sell volume on Binance.US sat at 0.74 BTC in the 4 hours leading to the crash, illustrating that this massive sell order was a sell order far out of the ordinary.

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