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BE (IN) CRYPTO
Bitcoin trading pair on Binance drops to $24,000: Why retail investors need to be cautious.
#BTCUSD
The BTC/USD1 trading pair on Binance unexpectedly experienced a flash crash, with Bitcoin's price plummeting to $24,000 before quickly recovering.
This incident did not affect the price of Bitcoin on major pairs like BTC/USDT. However, it highlights the liquidity risk for newly launched trading pairs.
BTC/USD1 dropped to $24,000, exposing the risk of low liquidity.
According to data from Binance, the incident lasted only a few seconds. Afterwards, the BTC/USD1 price stabilized above $87,000.
USD1 is a new stablecoin issued by World Liberty Financial, with backing from the family of former US President Donald Trump.
The chart from Binance shows an unusually long-wicked candlestick. However, this volatility did not cause any liquidation losses.
Berrygotare createdлот, Вес 21, 2005 13:40 UTC-7