Bitcoin Experiences Brief Price Drop to $24,111 on Binance USD1 Pair in Flash Event
Bitcoin briefly traded to $24,111 on Binance's BTC/USD1 pair before quickly rebounding above $87,000 within seconds. This sharp move was isolated to the USD1 stablecoin pair and did not impact other major Bitcoin trading pairs.
The USD1 stablecoin is a pair launched by World Liberty Financial, described as Trump family-backed. Such rapid price wicks are typically classified as microstructure events caused by thin liquidity rather than broad market movements.
Events like this can occur due to a single large market sell, liquidation, or automated trade sweeping bids on the USD1 pair, pushing the price away from true market levels. Additional triggers include temporary pricing issues, widened spreads, faulty quotes from market makers, or trading bots reacting to abnormal price prints.
These effects are often amplified during quieter market hours, when fewer participants are available to absorb order flow. Traders generally view these prints as microstructure noise and not indicative of Bitcoin’s underlying market direction, highlighting the risks associated with executing trades on thinly traded pairs.
