I created a page to visualize how Binance spot prices diverged from other exchanges during periods of extreme market stress. The recent “ Super Liquidation Event” clearly stands out as an outlier — Binance had never deviated this far from its peers before. Was there a liquidation wave? Yes — it occurred across all major exchanges. Did Binance behave normally during that time? No — it might be the very reason why most USDT-paired perpetuals were wiped out, while USD-paired contracts suffered far smaller losses. I genuinely believe Binance is doing the right thing by compensating affected users — spending hundreds of millions to make things right. But let’s be clear: the responsibility goes far beyond Binance or BSC users. This was a global event that hurt participants across the entire industry.(Benson Sun)