Key Takeaways
Bitcoin briefly plunged to $24,000 on Binance’s thinly traded BTC/USD1 pair during holiday trading.
A large market sell order wiped out limited buy-side liquidity, triggering a flash crash.
Arbitrage traders quickly corrected the price, while the broader Bitcoin market remained stable.
Bitcoin appeared to suffer a dramatic holiday “crash” on Dec. 24, when prices on one Binance trading pair briefly collapsed from around $87,000 to just over $24,000—sparking confusion, panic, and accusations of manipulation across social media.

https://finance.yahoo.com/...