Many people think Bitcoin crashed to $24,111 on Binance.

Let’s find out what really happened👇

- BTC briefly dumped to 24k on Binance, but it was not a real crash.

- A new 20% APY promo on USD1 caused heavy stablecoin flows.

- Someone sold BTC using a market order on the BTC/USD1 pair, which has very low liquidity.

- That single trade wiped the order book and pushed price down for seconds.

- Arbitrage bots bought it back instantly.

No fundamentals changed.

No mass liquidations.

Just a liquidity event, not a crash.$BTC #BinanceHODLerMorpho