2205, 2019
The Bitstamp ‘flash crash’ – why robust indices matter
Around 11PM EST on May 16th, a sell order for around 5,000 BTC appeared on the Bitstamp order book. Over the course of the next 15 minutes, the BTC price on Bitstamp continuously fell - skewing the entire market and triggering hundreds of millions in long liquidations. So how did this happen, and what can be done to limit the impact of similar market aberrations in the future?
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