A leading exchange's BTC/USD1 trading pair experienced interesting market fluctuations yesterday. Bitcoin's price briefly dropped to around $24,111, forming a clear lower shadow, then quickly rebounded and returned to normal levels. Although the entire process was a short-term fluctuation, it also reflected the market's activity.



USD1 is a relatively new stablecoin issued by World Liberty Financial. The project is supported by a well-known family of influential figures, which is one of the reasons it has gained attention in the market. Although the stablecoin market is highly competitive, similar new projects are continuously exploring and iterating. From this price plunge of BTC/USD1, both market liquidity and volatility characteristics are worth traders' attention.
BTC0.72%
USD10.07%
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BearMarketSurvivorvip
· 8h ago
24 bucks? Haha, the shadow line looks quite fierce now, but the rebound is also quick. A typical accumulation rhythm. Behind USD1, there's a big family backing it, but with such poor liquidity, do you really dare to touch it? Another new stablecoin, how saturated is this market? BTC plunges, just plunge, no need to make it so mysterious. Old tricks. Liquidity is concerning. With such obscure trading pairs, is it still worth following? This operation is a bit suspicious. Is it so easy to dump new tokens? The stablecoin market is fiercely competitive, and some are still trying to innovate.
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WalletWhisperervip
· 8h ago
BTC at 24 yuan? Haha, that's hilarious. The liquidity is just too outrageous. I haven't paid much attention to USD1, it's another new stablecoin... This track really never ends. The rebound from the lower shadow pattern is played out every day, I'm used to it. How far can a project with that kind of family background go? Question mark. Just want to see what new tricks this wave of volatility can bring out.
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MetaverseHermitvip
· 8h ago
Bitcoin at $24,000? How much selling pressure would it take to push it down that far? --- Another new stablecoin about to revolutionize? Honestly, this track is getting a bit crowded. --- USD1 liquidity is so poor? The rebound speed is quite fast, is it real or fake? --- Projects endorsed by World Liberty always have stories; let's see how long they can last this time. --- Short-term fluctuations are just fluctuations; the real question is how long this coin can survive. --- Starting to rebound around $24,000, feels like someone is buying the dip below. --- Another new stablecoin, another prelude to a new round of rug pulls? --- BTC's plunge has brought it down to 24,000; the trading pairs are a bit too outrageous. --- Support from influential families can help a project stand firm? The rules of the crypto world are a bit too simple.
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RooftopVIPvip
· 9h ago
Buy Bitcoin for 24 bucks? Wake up, buddy, is this USD1 stablecoin really reliable? --- Another new stablecoin, having a big backing makes it more confident to cut leeks. --- Tired of the same old rebound tricks after a plunge, if liquidity is poor, don’t talk about volatility patterns. --- World Liberty Financial? Never heard of it, but pairing with BTC is kind of interesting. --- Calling short-term volatility "interesting"—that’s a very particular choice of words. --- Are all new projects so manipulative, or is USD1 just especially wild? --- More and more stablecoins are emerging—guys, is this the gold rush era? --- The shadow line at 24 bucks probably scared everyone half to death, haha. --- Supporting by a famous family? Just trying to cut our leeks? Nice try.
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