Wrapped Bitcoin experienced a sudden drop in value on the Binance exchange, plummeting to $5,000 in a flash crash. This unexpected event left traders shocked as they witnessed the price of Wrapped Bitcoin drastically decrease. The flash crash occurred without warning, causing concern among investors who were caught off guard by the sudden price drop. Despite the brief downturn, the value of Wrapped Bitcoin is expected to fluctuate as the market reacts to this unexpected event.