Binance Addresses Community Concerns Over Large Sell Orders Ahead of GPS Announcement: No Abnormal Trading Found

On March 8th, Binance addressed concerns surrounding the recent spike in “Large Sell Orders Before GPS Announcement.” The exchange acknowledged community feedback and conducted a detailed assessment. The findings revealed that the increase in sell orders was part of typical market fluctuation rather than anomalous trading practices. Firstly, there was a rise in active sell volume from $5.4 million to $9.6 million within the initial 10 minutes leading up to the announcement, equating to an increase of 1.78 times; however, this spike is consistent with normal market dynamics. Furthermore, historical data indicates that trading volume prior to GPS announcements frequently fluctuates between 40% and 60% of overall volume without any significant anomalies. Lastly, the volume of open contracts remained stable around the time of the announcement, dispelling suspicions of pre-emptive trading tactics, particularly concerning short or long positions.