Spotted something wild in the spot market yesterday—that BTC/USD1 trading pair had a vicious wick. Bitcoin crashed hard to $24k in what felt like seconds, then bounced right back. Crazy volatility.



For those wondering: USD1 is the stablecoin powering this pair. It's issued by World Liberty Financial, a project worth keeping an eye on in the stablecoin space. These kinds of flash moves can reveal a lot about market structure and liquidity, especially on alternative stablecoin pairs that don't get as much attention as the usual suspects.
BTC0,41%
USD10,01%
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PerpetualLongervip
· 6h ago
It's the Air Force dumping again. If it drops to 24k, I'll go all-in and buy the dip. This wave will definitely break even.
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DAOplomacyvip
· 19h ago
ngl that USD1 pair screams liquidity desert... historically when you see wicks that violent on alternative stablecoin pairs, the game theoretical implications get... complicated. not saying anything happened, but the stakeholder alignment incentives there arguably warrant closer inspection. path dependency's a beast.
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WalletDetectivevip
· 12-27 00:57
At the moment of 24k, I was instantly startled awake haha
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SchrodingerAirdropvip
· 12-27 00:56
That moment when it hit 24k almost gave me a heart attack, but luckily it rebounded... We need to keep a close eye on this stablecoin USD1.
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ContractFreelancervip
· 12-27 00:55
That moment when it hit 24k, my heart trembled along with it—truly incredible... This must be the price of playing with alternative stablecoins, with liquidity so poor it's exploding.
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SmartMoneyWalletvip
· 12-27 00:49
That 24k needle, 100% is a big player clearing chips. With USD1 liquidity so poor, how can it still cause such big fluctuations? It shows that the capital pool isn't as healthy as imagined.
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SolidityStrugglervip
· 12-27 00:29
At that moment of 24k, I thought I was going to get liquidated, so scared.
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AlwaysQuestioningvip
· 12-27 00:28
Damn, that 24k moment almost scared me into selling everything. Luckily, I reacted quickly.
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