There was a temporary 1% spot-futures price discrepancy for BTC/USDT on Binance.

BlockBeats News, April 23rd, according to market data, a significant price discrepancy occurred briefly between the BTC/USDT perpetual contract and spot markets on Binance. During the past hour, the spot price dropped to $77,174.01, while the contract price dropped to $76,504.6, creating a price difference of up to $669.41. Currently, the prices are converging again, rebounding to $77,365.

Analysts suggest that this may have been caused by liquidations on the leveraged contract side triggering passive selling, coupled with a momentary thinning of liquidity leading to a temporary deviation in prices from the spot market. Subsequently, arbitrageurs swiftly intervened to restore the price parity.