Bitcoin's price on the Binance BTC/USD1 trading pair experienced a flash crash to $24,111 on Wednesday, before rebounding to over $87,000. This anomaly was isolated to the new USD1 stablecoin pair, backed by World Liberty Financial, with other BTC pairs remaining stable. Analysts suggest that insufficient liquidity in the newly launched pair likely contributed to the sudden price drop, as limited order book depth can lead to significant fluctuations from large trades or automated systems.