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Binance: III. Explanation of Extreme Price Fluctuations on Some Spot Trading Pairs. We have also noticed the community discussing extreme low price situations on some spot trading pairs. We understand the concerns of the community and users, and the Binance team has immediately initiated technical investigations and data analysis. Based on the current investigation results, the main reasons are as follows: 1. Unilateral liquidity leading to triggering of historical limit orders. There are still some historical limit orders on the platform. In situations of extreme market selling and lack of buy orders, sell orders continue to be matched with these long-standing limit orders, causing a temporary sharp drop in token prices. Please note: Binance Futures uses a marking price mechanism, which automatically excludes or discounts abnormal price components to prevent such abnormal market fluctuations from causing unfair liquidations. Users can check the marking price in the candlestick chart for verification. 2. "Zero price" display issue. Some trading pairs have recently adjusted the decimal places for minimum price changes, causing the price to display as zero on the user interface. This is a display issue and does not mean the actual price is zero. 3. Follow-up optimization measures. Binance will optimize the user interface display and correct the display of related abnormal prices to ensure a better trading experience in the future. API interfaces are not affected by this adjustment.