What would cause the price of Bitcoin to flatline for several hours on Bitstamp?

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Last night I observed the following flatline of BTC/USD prices for several hours on Bitstamp:

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What would cause this ?

Kev

Posted 2014-10-06T08:14:20.447

Reputation: 121

Answers

4

I think this was "Bitcoin Sell Wall of Death" at Bitstamp. Somebody sold 31 000 BTC at 300 USD. The wall was eaten over Sunday-Monday night.

https://www.cryptocoinsnews.com/bitcoin-sell-wall-death-chomped/

Mikko Ohtamaa

Posted 2014-10-06T08:14:20.447

Reputation: 2 417

Asked: 2014-10-06T08:14:20.447

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Active: 2014-10-06T10:20:07.420