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Bitcoin briefly trades at $24,000 on Binance’s USD1 pair in flash move. Such sudden price changes are often due to thin liquidity and can be exacerbated by fewer active traders during quieter hours.

Bitcoin briefly trades at $24,000 on Binance’s USD1 pair in flash move. Such sudden price changes are often due to thin liquidity and can be exacerbated by fewer active traders during quieter hours.
Coindesk •
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"A single large market sell, a liquidation, or an automated trade routed through the pair can sweep bids quickly, forcing the price to print far below the true market level until buy orders reappear. Such dislocations can also be triggered by temporary pricing issues tied to spread widening, faulty quotes from a market maker, or trading bots reacting to abnormal prints."

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