$BTC Flash Wick to $24,111 on Christmas — What Actually Went Down?
Yeah, everyone saw that wild candle: Bitcoin suddenly spiking down to $24,111 before snapping right back. Charts looked insane, and the FUD hit hard.
But here's the truth — it wasn't manipulation or a real crash. It was pure market mechanics on one single, low-liquidity pair.
What happened:
This wick only showed up on Binance's BTC/USD1 trading pair (a newer stablecoin from World Liberty Financial).
Global
$BTC price? Stayed steady around $87k–$88k the whole time. No drop on USDT, USDC, or any major exchange.
Holiday trading = super thin liquidity. Order books were shallow, especially on niche pairs.
A big market sell order (or chain of orders) hit, wiped out the thin bids, and price "slid" all the way down until deeper buys kicked in.
Boom — instant rebound as arb bots scooped the cheap
$BTC and normalized the price.
Flash wicks like this reward the patient (those with low bids got filled cheap) and wreck anyone over-leveraged on thin pairs.
No conspiracy, no sustained sell-off. Just a reminder: in low-volume windows, especially holidays, illiquid pairs can go haywire fast.
I've seen these for over a decade — they happen, they reverse, and the real price keeps marching.
Focus on flows and liquidity, not just candles.
When the actual bottom hits and I'm stacking again, you'll hear it here first.
Thoughts? Manipulation or just thin markets?
#Bitcoin #Crypto #BTCFlashCrash