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The Binance.US Flash Crash: Set unrealistic limit orders and you might get lucky. WSBC user gets filled at $11k and nets $52k in seconds.

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The Binance.US Flash Crash: Set unrealistic limit orders and you might get lucky. WSBC user gets filled at $11k and nets $52k in seconds.

If you haven't heard yet (okay you've definitely heard), during a flash crash on Binance US there was a wick down to ~$8,000.

https://preview.redd.it/72as68p79vu71.png?800&format=png&auto=webp&s=0b3f2cc0737c66f2d5722291b65fa16347609bd6

(link to yahoo news article)

A WSBC user (u/Traditional-Ebb-8380) had set a limit order for $11k a few months ago and low and behold, the order got filled. (link to post)

https://preview.redd.it/11oboqge9vu71.png?1837&format=png&auto=webp&s=80e32257a8db0d33e3d1ce1fc7d1766492ce274a

Believe it or not, the user netted $52k within a matter of seconds.

That's an absolute wet dream.

While the chances are incredibly slim, setting unrealistically low limit orders just might pay off.

Congrats u/Traditional-Ebb-8380! I'm pretty sure this makes you a crypto legend.

submitted by /u/veryeducatedinvestor
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