WoW!! Order book Coinbase Pro displayed sales of 42,000 BTC for $ 0.18! WoW!!

Traders have noticed a strange candle on the BTC / USD trading pair on Coinbase Pro. Although it looks like around 42,000 BTC was sold for $ 0.18, it could only be a stock interface error.

Problems in Coinbase

According to the order book, over 42,000 BTC was sold at USD 0.18. One can only hope that this is a mistake and that the transaction failed :).

A screenshot of the unusual candle was posted by @CaptainScio on Twitter. Look carefully at the order book entry. There you can see this transaction.

Perhaps it was a fake trade. The appearance of such a candle can be explained by a Coinbase error or a possible "system overload". The Stock Exchange has not issued a statement about this unusual, strange event so far. It may turn out that trade was never processed and it was only a user interface imp.

The famous flash crashes

We don't know if the BTC 42,000 was ultimately sold for $ 0.18. Such an event is not uncommon when it comes to cryptocurrencies. For example, in February, XRP fell to $ 0.15 on BitMEX. This took place on the day of extreme volatility on this stock exchange, which - as you can easily guess - has enraged many traders:

Flash failures usually occur on days when the market experiences a dramatic drop and prices cannot adapt to changes over time. On March 12, when the cryptocurrency market fell by around 50%, LINK cost (for a short period of time) virtually $ 0 on Binance.

Sometimes flash crashes can occur due to low fluidity. Last September, someone took some BTC for $ 1,800 on the illegible BUSD / BTC trading pair on Binance:

At the moment, it's difficult to say what went wrong with Coinbase Pro. We can probably assume that this was only a user interface error. Coinbase will probably want to take more precautions to make sure their UI is well optimized. Such mishaps can scare investors away.