Someone sold Bitcoin for 10% of the going price - probably by mistake
An "oops" moment for someone on Binance BTCUSDS pair They probably placed a sell order for $700 instead of $7000
$60,000 USD worth of Bitcoin sold for $5,600.
Despite being a bit funny, this is also really annoying Exchange should always sell to the highest buy price even if you entered a lower price.
Be careful when placing orders. Stop and take your hands off the keyboard and read it a few times, comparing the price to the current price, before clicking BUY
That is a very expensive mistake I try to avoid. Depending on exchanges, but in binance you can enable order confirmation, so once you click buy, you still have to go through a popup window to reconfirm your buy order. (settings - > preferences - > order confirmation ). A second opportunity to review everything fine in your order.
shollows
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CORRECTION - I expect Bitcoin did sell to the highest buy orders, however the order book for BTCUSDS is very thin so there was only 8 BTC in buy orders between $700 and $7500 so the price ran down quickly to $700