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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InA data input error at South Korea's Bithumb exchange triggered a 17% flash crash in Bitcoin's price. The incident occurred on February 6 during the execution of a promotional campaign involving small cash reward payouts. The technical error was misinterpreted by the market as a significant sell signal, triggering automated and panic selling among traders. This event exposed a critical gap between the high-speed nature of cryptocurrency movements and the slower back-office systems of centralized exchanges. The flash crash highlights the persistent operational risks within digital asset trading infrastructure. While the price dislocation was brief, it raises concerns about platform stability in high-velocity trading environments.