The contract's drop is 50% greater than the spot price, which is absolutely unfair. The spot's drop wouldn't have caused a liquidation, but the contract just happened to explode 😂😂😂😂😂
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Binance Announcement
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Binance launches the 'Together Plan', investing $400 million to help the industry recover and rebuild confidence.
This is a general announcement, and the products and services mentioned here may not be applicable to your region.
Dear users:
Recently, the global cryptocurrency market has experienced extreme volatility, and users, institutions, and the entire industry are facing unprecedented shocks. The aftershocks of the macro economy are like an earthquake for our emerging industry, affecting not only price fluctuations but also the confidence of every practitioner.
Binance has also faced severe tests. In addition to compensating users affected by Binance's losses, it must confront various doubts from both inside and outside the industry, directly facing the slander from competitors, and even dealing with public opinion caused by internal work mistakes after the incident. For the past 8 years, we have been moving forward together with everyone through ups and downs, always focusing on our users. The pain of our users is the pain of Binance; Binance always stands with every user. As long as the industry exists, Binance exists.
Dear users:
Recently, the global cryptocurrency market has experienced extreme volatility, and users, institutions, and the entire industry are facing unprecedented shocks. The aftershocks of the macro economy are like an earthquake for our emerging industry, affecting not only price fluctuations but also the confidence of every practitioner.
Binance has also faced severe tests. In addition to compensating users affected by Binance's losses, it must confront various doubts from both inside and outside the industry, directly facing the slander from competitors, and even dealing with public opinion caused by internal work mistakes after the incident. For the past 8 years, we have been moving forward together with everyone through ups and downs, always focusing on our users. The pain of our users is the pain of Binance; Binance always stands with every user. As long as the industry exists, Binance exists.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.