Analysis: The spot price of ATOM on the Binance platform reached 0.001 USD for only 8 milliseconds, which did not affect the liquidation price of the contracts

ChainCatcher message, Formula News founder Vida tweeted that by querying the historical order book of Binance's spot market, it was found that ATOMUSDT briefly touched $0.001 within 8 milliseconds from 2025-10-11 05:20:37.689 to 05:20:37.697. At that time, all market makers had exited, and there were no buyers to take the sell orders, causing the price to drop instantly. The price quickly rebounded within the following milliseconds. The price did indeed appear on Binance's spot market, but it will not affect the liquidation price of contracts, as the contract's mark price is calculated using a sliding average over several minutes, so the contract price did not drop to $0.001.