PANews reported on December 25th that, according to FinanceFeeds, the price of Bitcoin briefly dipped to $24,111 on the Binance BTC/USD1 trading pair at 5 PM on Wednesday, before quickly recovering to above $87,000. This anomaly occurred only on the new stablecoin USD1 trading pair backed by World Liberty Financial; other BTC trading pairs were unaffected, and the overall market price remained stable.

Analysis indicates that such "flash crashes" are usually related to insufficient liquidity, especially in newly launched or low-volume stablecoin trading pairs. Due to limited order book depth, a single large sell order or automated trading can cause sudden and significant price fluctuations.

Previously, it was reported that the Binance BTC / USD1 trading pair briefly dipped to $24,111 yesterday before quickly recovering .