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$BTC Bitcoin briefly experienced a sharp price dislocation on Binance’s $BTC /$USD1 trading pair late Wednesday, momentarily printing near $24,111 before quickly rebounding above $87,000. The move was isolated to the USD1 pair and was not observed across other major BTC markets.
Such short-lived “wicks” are typically caused by thin liquidity, particularly in newer or less-traded stablecoin pairs. A large order, liquidation, or automated trade can temporarily sweep the order book, pushing prices away from broader market levels until liquidity returns.
While visually dramatic, these events are generally considered microstructure anomalies rather than indicators of broader market direction, highlighting the importance of liquidity depth when trading emerging pairs.
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