What happend on STEEM/ETH? - How STEEM debut went on the BINANCE exchange

STEEM currently costs 4.85 USD and is listed on 7 unique exchanges - mostly in pair with BTC, but also with ETH, KRW (Korean won), BTS, BITUSD, BITCNY, BNB.

Today, at 9 am CET time, STEEM was listed on Chinese Binance exchange -

more details in https://steemit.com/steem/@binance-exchange/binance-lists-steem

Main advantage of the Binance exchange is a high limit for withdrawals (2 BTC per day) without account validation (sending ID etc.)

Here are some observations:

• Market is currently in a sideway trend towards down trend, yet STEEM has been stable or in a light upward trend for the past couple of days,
• On Binance, the volume of the pair with BTC is 14.5 million USD, while in pair with ETH is 4.4 million USD. On the other hand, ETH is recently quite robust against the downward trend and there are again some voices that the flippening can happen.
• The Binance STEEM/ETH pair has quite big spread, but buy&sell walls are quite balanced

STEEM/ETH depth

And, lastly, something odd happened:

STEEM/ETH pair, 1 minute on x-axis

STEEM/ETH pair, 5 minutes on x-axis

What do you think has happened? Did somebody sell his tokens for a very cheap price by mistake? It says the price was 0.000015 ETH and it occurred 19:05 CET (1st of Feb)

In my opinion, in the near future, STEEM DOLLARS (SBD) probably will be listed on Binance as well.

Thanks and happy trading!