It is an hour past midnight in the Philippines. I woke up to some neighborhood disturbance, and the dogs are up and around barking at something. This is no longer a quiet night..
Seems to be no cause for alarm..
So I checked my phone. Lo and behold -- someone just fat-fingered a trade on BNB in Binance.
Judging from the volume of the candlestick, that trade isn't a dump but more of a fat finger.
What is a 'Fat Finger Error'
A fat finger error is a human error caused by pressing the wrong key when using a computer to input data. Fat finger errors are often harmless but can sometimes have a significant market impact. For example, if a trader receives an order to sell 1,000 shares of Apple Inc. at market and incorrectly enters 1 million shares to sell at market, the sell order has the potential to transact with every buy order at the bid price until it gets filled.
(reference: https://www.investopedia.com/terms/f/fat-finger-error.asp)
I wasn't able to capitalize on the error.. If only the neighborhood dogs barked sooner..
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