From Binance:
https://www.binance.com/en/how-to-buy/ibtc$ 0.0001114 USD
-8.24%
(24H)
The live price of iBTC is $ 0.0001114 per (IBTC / USD) today with a current market cap of $ 5,568.54 USD. 24-hour trading volume is $ 0 USD. BTC to USD price is updated in real-time. Bitcoin is -8.24% in the last 24 hours. It has a circulating supply of $ 49.99M.
It doesn't make sense both are down by 8.24% as if it's pegging BTC not its inverse?