Late Wednesday, Bitcoin price briefly printed around $24,111 on Binance’s BTC-USD1 pair before rebounding. Within seconds, the price rebounded to prevailing market levels near $87,000. The move was confined to a single trading pair and did not appear on other major Bitcoin markets.
This anomaly occurred only on the BTC-USD1 pair, which uses USD1, a relatively new stablecoin backed by World Liberty Financial. Other high-liquidity pairs on Binance showed no such move, indicating there was no broader sell-off.
Sudden wicks like this are usually caused by shallow order books rather than panic selling. New or lightly traded stablecoin pairs often have fewer market makers providing bids and offers. When liquidity is thin, it does not take much to push prices sharply lower. A single large market sell, a forced liquidation, or an automated trade routed through that pair can sweep available bids almost instantly.
Until new buy orders appear, the price can momentarily print far below the true market value. Once liquidity returns, the price snaps back just as fast. These events are more likely during quieter trading hours when fewer participants are active. With less volume to absorb sudden order flow, price dislocations can become exaggerated.
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