Bitcoin and ETH Spot 1-Minute Chart Anomalous Price Movement Detected on Binance, Possibly Due to Market Maker Grid Strategy Malfunction

BlockBeats News, February 8, abnormal price fluctuations appeared on the 1-minute BTC and ETH spot chart on Binance, starting from 00:05 and lasting until 00:17. During this time, single-minute fluctuations with amplitudes exceeding 1% and even 3% occurred. At the time of writing, the abnormal fluctuations have disappeared.

Some analysts believe that this situation may have been caused by a malfunction of market makers' grid trading strategies.