Bitcoin Sees Brief $24K Wick on Binance USD1 Pair Before Rapid Rebound Above $87K

Bitcoin experienced an unusual and dramatic price anomaly late Tuesday when the BTC/USD1 trading pair on Binance briefly displayed a plunge to $24,111 before snapping back above $87,000 within seconds, according to exchange data. The sudden move appeared as a sharp “wick” on charts and quickly drew attention across the crypto market, though it did not reflect a broader bitcoin crash.

Notably, the price dislocation was isolated to the BTC/USD1 pair and did not appear on other major bitcoin trading pairs across Binance or rival exchanges. USD1 is a relatively new stablecoin launched by World Liberty Financial, a project reportedly backed by members of the Trump family. Because the stablecoin and its associated trading pairs are still in the early stages of adoption, they tend to have thinner liquidity compared with more established pairs such as BTC/USDT or BTC/USDC.

Market participants explained that these kinds of extreme wicks are typically caused by microstructure issues rather than a fundamental shift in bitcoin’s value. In thinly traded markets, the order book can be shallow, meaning there are fewer buy orders stacked at different price levels. A single large market sell order, an automated trade, or even a liquidation routed through that specific pair can rapidly sweep available bids, forcing the price to momentarily print far below the broader market level.

Other contributing factors can include widened bid-ask spreads, temporary display or pricing issues, faulty quotes from a market maker, or trading bots reacting to abnormal data. These effects are often amplified during quieter trading hours, when fewer traders are active to absorb sudden order flow and restore price parity.

After the brief wick, the BTC/USD1 pair quickly normalized, with bitcoin trading back near prevailing market prices. Most traders view such events as isolated technical dislocations rather than signals of bitcoin’s underlying trend. However, the incident serves as a reminder of the execution risks associated with low-liquidity trading pairs, especially those involving newer stablecoins that are still building depth and market participation.