🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
8.7 million USD suddenly plummeted to 24,000? This "Thanos-level" wick makes people exclaim it's unbelievable
Yesterday, when opening a major exchange, I almost got scared out of my wits. Bitcoin was steady at $87,610, but suddenly a candlestick chart showed a terrifying lower shadow dropping straight to $24,111. This isn't a limit-down; it's like being sent off directly.
Several questions need to be clarified:
**Is this a system malfunction or human error?** Such deep wick phenomena usually indicate liquidity being drained instantly, or a trader slipping up and directly rewriting the market.
**Who is the lucky one?** If someone actually placed an order at $24,000 and it got filled, based on this spread, they would make over 300% profit. That's more outrageous than winning the lottery—a one-second path to financial freedom.
**Are contract traders okay?** If this isn't a display error, then those long positions without stop-losses or with high leverage might have been forcibly liquidated before they could react.
**The market's real warning**
This event once again illustrates a truth: the crypto market is very fair to everyone, but fairness is about teaching people how to behave. Liquidity depth and order book details really determine life or death. In this market, never go all-in, always respect volatility.
Look carefully at the gaps in the order book depth chart; the risk is hidden in those areas with no takers. Do you see that wick? Is this a display error or a real trade?