BTC Briefly Flashes $24K on Binance in Isolated Stablecoin Glitch
What Happened on Binance’s BTC/USD1 Pair?
BTC briefly appeared to collapse to $24,111 on Binance late Wednesday, before snapping back above $87,000 within seconds. The move occurred on the BTC/USD1 trading pair and did not appear on any other major BTC markets, according to platform data.
The sharp wick was isolated to USD1, a recently launched stablecoin backed by World Liberty Financial. Other BTC pairs on Binance prices, suggesting the drop was not driven by broader tradeing pressure.
Within moments, the BTC/USD1 pair normalized and in line with the rest of the market. Traders monitoring aggregate price feeds saw no disruption beyond the single pair, limiting the impact to those directly exposed to the USD1 route.
Investor Takeaway
Why Do These Sudden “Wicks” Occur?
Extreme price prints like this are most often linked to thin liquidity rather than shifts in underlying demand. New or lightly traded stablecoin pairs typically have fewer . That leaves order books shallow, with limited depth on both sides.
In such conditions, a single large market trade, an automated trade, or a forced liquidation routed through the pair can sweep available bids almost instantly. When that happens, the
