Trading data from major exchanges shows an interesting movement in the BTC/USD1 pair on December 24th. Around 17:15 UTC, the market experienced a sharp wick—Bitcoin dipped to $24,111.22 in a flash crash before bouncing back decisively. The recovery was swift and clean. The pair has since stabilized, currently quoted around $87,880.10. USD1, a stablecoin backed by prominent figures, continues to attract attention as traders explore alternative stable assets. The volatility snapshot highlights the importance of real-time market monitoring during holiday trading sessions when liquidity can shift rapidly.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
6
Repost
Share
Comment
0/400
gas_fee_therapist
· 6h ago
Another instance of this lower shadow drama, a quick crash followed by a rebound, and still daring to make moves with such poor liquidity?
---
Is 87K stable? Don’t boast, holiday trading is like this, one announcement can cause another round of drops.
---
How’s USD1 doing? Has anyone cut in, or are they still copying USDC’s playbook?
---
Regarding the operation on the 24th, I don’t know if it was a whale testing the waters or just a pure liquidation dump. It looks nerve-wracking.
---
Stablecoins are getting competitive again. How many people will truly use these as substitutes?
View OriginalReply0
DefiSecurityGuard
· 12h ago
ngl that wick down to 24k screams liquidity trap written all over it... classic MEV sandwich behavior during holiday sessions when volume's thin. not financial advice obv, but DYOR on those exchange's order matching logs before u assume it's legit price discovery
Reply0
NftDeepBreather
· 12h ago
Flash crash and rebound again, I'm getting tired of this routine. The key issue is that liquidity is really weak.
View OriginalReply0
BlockchainArchaeologist
· 12h ago
Rapid crash and rebound, this routine is so familiar. Who's the big player playing the game of cutting leeks again?
View OriginalReply0
FOMOrektGuy
· 12h ago
Ha, is the lower shadow of 24111 serious? Holiday liquidity really kills the market.
---
The rebound is so fast, there must be big players taking over... retail investors can only watch in despair.
---
What is this new leek harvest machine called USD1 stablecoin?
---
Those who are still watching the market on Christmas are true enthusiasts. I choose to sleep.
---
87880 rebounded quite sharply, but I don’t believe anyone who profits from this wave didn’t get liquidated.
---
Every time there's a flash crash and rebound, someone says the bottom is in, and then?
---
With such poor liquidity, daring to trade during the holiday—serves you right.
---
USD1 is popular again? Will it run away this time? Question mark face.
View OriginalReply0
ser_ngmi
· 13h ago
Flash crash and rebound again, this market trend is really a nightmare for heart disease patients... It’s true that accidents are more likely to happen during holiday periods.
Trading data from major exchanges shows an interesting movement in the BTC/USD1 pair on December 24th. Around 17:15 UTC, the market experienced a sharp wick—Bitcoin dipped to $24,111.22 in a flash crash before bouncing back decisively. The recovery was swift and clean. The pair has since stabilized, currently quoted around $87,880.10. USD1, a stablecoin backed by prominent figures, continues to attract attention as traders explore alternative stable assets. The volatility snapshot highlights the importance of real-time market monitoring during holiday trading sessions when liquidity can shift rapidly.