Bitcoin Drops to $24,000 on Binance's USD1 Pair, Highlighting Liquidity Risks
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Fluctuation: Bitcoin's price briefly dropped to $24,000 on Binance's BTC/USD1 pair due to low liquidity, highlighting the risks associated with trading on illiquid pairs, although the overall market value remained stable.
- Market Impact: The incident did not affect Bitcoin's broader market pricing, indicating its isolated nature and failing to trigger derivatives index movement, reflecting the market's resilience.
- Regulatory Response: As of now, no regulators have commented on this Binance-specific event, and Binance leadership has not publicly addressed the price fluctuation, demonstrating a lack of significant market concern regarding the incident.
- Trading Lessons: Historically, Binance has experienced similar isolated events, underscoring the risks of trading on low-liquidity pairs and reminding investors to rely on high-volume pairs to prevent unexpected large price fluctuations.
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.







