Cosmos (ATOM) Flash Crash on Binance: USDT Pair Dips to $0.001 at 5:00 AM, Rebounds to $3.08 — BlockBeats Oct 11
ATOM/USDT
$42,154,211.74
$2.05 / $1.951
Change: $0.0990 (5.07%)
-0.0035%
Shorts pay
COINOTAG reported on October 11 that, according to market data, an early-morning flash crash briefly impacted the crypto market when the Binance USDT spot price for Cosmos (ATOM) printed an anomalous $0.001 around 05:00; the price has since reverted to approximately $3.08.
Market data vendors characterize such anomalous prints as transient pricing dislocations often visible on individual exchange order books; these events reflect momentary gaps in liquidity rather than a fundamental change in asset valuation and should be interpreted with caution.
Traders and institutional desks are advised to rely on aggregated venue data, implement limit orders and robust risk management protocols, and verify cross-exchange prices before executing significant spot trading decisions.