The $24,000 $BTC Wick Was a Liquidity Mirage.

That brief $24,000 exchange rate on Binance wasn't a market crash; rather, a microstructure failure. The BTC/USD1 pair is thin, new, and shallow, and a single aggressive order was enough to punch straight through the book. No other pairs moved, no arbitrage cascade followed, and the price snapped back instantly. This wasn't panic; it was what illiquidity looks like on-chain. #BTC #liquidity