Many people think Bitcoin crashed to $24,111 on Binance.
Let’s see what really happened 👇
CoinQuestFamily read carefully.
BTC briefly dumped to $24k on Binance, but this was not a real crash.
A new 20% APY promo on USD1 triggered heavy stablecoin flows.
Someone placed a market sell on the $BTC /USD1 pair, which has very low liquidity.
That single order wiped the order book and pushed price down for a few seconds.
Arbitrage bots stepped in immediately and bought it back.
No fundamentals changed.
No mass liquidations.
Just a liquidity event, not a crash.
BTCUSDT
Perp
87,464
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