Analysis: ATOM spot price on Binance hit $0.001 for just 8 milliseconds, no impact on contract liquidation price

Vida, founder of Formula News, stated on the X platform, "By checking the historical Binance spot order book, we found that ATOM USDT briefly touched $0.001 for 8 milliseconds, from 05:20:37.689 to 05:20:37.697 on 2025-10-11. The transaction amount was very small. At that time, all market makers had exited, and there was no one to take the sell order, causing the price to drop instantly. The price then quickly rebounded within a few milliseconds. Binance spot did indeed see this price, but it did not affect the contract liquidation price because the contract mark price is calculated using a sliding average of several minutes, so the contract price did not fall to $0.001."