The problem experienced in the Binance futures chart caused short-term panic.
BTC price suddenly dropped from $27,000 to $2700 and rose again to $27,000. The fact that the price did not change in other data providers shows that this is a graphical error.
Binance CEO recently made a statement on Cz, saying, “There was a display problem on the BTCUSDT futures chart. There is a problem with the chart in the user interface, but there is no problem with the charts pulled through the API. The team is working to fix it. At this time, trading is not affected.” said. CZ also stated that the problem was only visual and said that no trade was affected.
Cz stated that they found the problem and that it was caused by some newly added codes added to the chart and that the problem would be solved in about 2 hours.
This is a display ONLY issue. Trading not affected. https://t.co/ZixcFVcxQU
— CZ 🔶 Binance (@cz_binance) September 29, 2023
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Source: https://en.bitcoinsistemi.com/bitcoin-price-dropped-to-2700-on-binance-futures-statement-from-cz/