Bitcoin Pair on Binance Plunges Below $25,000 in Brief 70% Flash Crash on December 25
On December 25, a Bitcoin BTC/USD1 pair on Binance suddenly dropped by more than 70%, briefly trading below $25,000 before rebounding above $87,000. The move was described as a flash crash with low liquidity and potential large liquidations, while one DeFi researcher alleged manipulation without providing evidence. After the event, Bitcoin traded around $87,420.41 with a daily range between $86,411.80 and $87,956.88 and lower trading volumes.