Around 22:30 on November 23, the WBTC/USDT trading pair on the Binance platform experienced a brief price flash crash, with the price dropping to $5209 before quickly recovering to normal levels. This unusual fluctuation attracted market attention, with trading volume surging from less than 1 WBTC to 88.6 WBTC within 15 minutes. This incident highlights the significant volatility in the market over a short period and the notable change in trading volume, reminding investors to closely monitor on-chain data and market dynamics to respond promptly to similar situations.