drank everything and crashed
Post
Alexandre 8
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🚨What caused the sudden drop in the BTC/USD1 pair on Binance. Understand here and follow me so you don't miss entries.$BTC $
The price of Bitcoin on Binance experienced a sharp drop to $24,000 per unit on December 24, specifically in the BTC/USD1 pair 📉. The drop was extremely brief and the asset quickly returned to its normal price, just below $90,000.
*Causes of the drop:*
- Low liquidity in the BTC/USD1 pair
- Binance's program with stablecoin USD1 offering an annualized return of 20%
- Capital movement between different stablecoins
*Explanation from CZ:*
- Changpeng Zhao, co-founder of Binance, attributed the drop to low liquidity in the BTC/USD1 pair
- Arbitrageurs quickly corrected the price
- There were no liquidations as the pair is not included in any index
*Outlook:*
- The BTC/USD1 pair continues to have relatively low liquidity, which may lead to new sharp fluctuations
- The 20% yield offered by USD1 attracted a considerable flow of capital, reducing the potential impact of a sudden drop.
$USD1
#Bitcoin
#Binance
#Criptomoedas
#QuedaDePreco
follow me for more true content.
The price of Bitcoin on Binance experienced a sharp drop to $24,000 per unit on December 24, specifically in the BTC/USD1 pair 📉. The drop was extremely brief and the asset quickly returned to its normal price, just below $90,000.
*Causes of the drop:*
- Low liquidity in the BTC/USD1 pair
- Binance's program with stablecoin USD1 offering an annualized return of 20%
- Capital movement between different stablecoins
*Explanation from CZ:*
- Changpeng Zhao, co-founder of Binance, attributed the drop to low liquidity in the BTC/USD1 pair
- Arbitrageurs quickly corrected the price
- There were no liquidations as the pair is not included in any index
*Outlook:*
- The BTC/USD1 pair continues to have relatively low liquidity, which may lead to new sharp fluctuations
- The 20% yield offered by USD1 attracted a considerable flow of capital, reducing the potential impact of a sudden drop.
$USD1
#Bitcoin
#Binance
#Criptomoedas
#QuedaDePreco
follow me for more true content.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.