Bitcoin Spikes to $138,000 on Binance US: Was It Greed or Glitch?

Did you miss the Bitcoin frenzy? On Wednesday, June 21st, Bitcoin witnessed a shocking price surge on Binance.US. The BTC/USDT trading pair experienced a sudden and dramatic spike, briefly soaring to an astonishing $138,000 earlier today on cryptocurrency exchange Binance US. While some may attribute this to Binance US investors becoming greedy, a more technical explanation is likely.

Binance.US recently experienced a Bitcoin flash rally to $138,000 due to severe liquidity issues, highlighting the platform\'s volatility. As reported by U.Today, A sharp price spike on the BTC/USDT trading pair caused Bitcoin to briefly soar to as much as $138,000 earlier today on cryptocurrency exchange Binance US. The chart shows the BTC/USDT pair’s wick extended all the way up to $138,070 on the exchange. But what caused this sudden surge?

Many analysts believe that the exchange\'s liquidity problems played a crucial role. Low liquidity can lead to significant price fluctuations, especially when large buy orders are executed. This is exactly what appears to have happened, creating a fleeting opportunity for those quick enough to capitalize.

While the "Bitcoin spikes to 138000 on Binance US investors become greedy" narrative is tempting, the reality is likely more complex. This incident serves as a potent reminder of the risks and rewards associated with cryptocurrency trading, particularly on exchanges with potentially lower liquidity. Always exercise caution and do your own research before investing.