Bitcoin Briefly Drops to $24,111 on Binance USD1 Pair
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Anomaly: Bitcoin's BTC/USD1 pair on Binance briefly dropped to $24,111 before quickly rebounding to $87,611, indicating no broader market breakdown occurred.
- Liquidity Insight: This price movement was driven by thin liquidity in the specific trading pair, especially during quieter trading hours, causing large market orders to cascade through available bids and create exaggerated price swings.
- Market Stability: Despite the extreme drop, other Bitcoin pairs and prices across major exchanges remained stable around $87,000 to $88,000, suggesting no panic across the broader market.
- Trader Caution: This liquidity event does not indicate structural weakness in Bitcoin; traders should be aware that such flash moves can trigger stop losses or liquidate over-leveraged positions without reflecting true price discovery.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







