cryptocurrency world, a flash crash can last from hours to minutes. Such flash crashes usually happen because of high-frequency trading.</p>\n<p>Extreme downward price swings are a natural part of the <strong>volatility</strong> of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-currency/">digital currencies</strong></a>. As a result of the intense selling pressures, crypto values experience quick changes, resulting in flash crashes in many situations.</p>\n<p>However, other industries, such as <strong>the stock and foreign exchange markets</strong>, also experience flash crashes. <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/2015–2016_stock_market_selloff/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>The July 2015 flash</strong></a>, when an effect on the New York Stock Exchange (NYSE) halted trading for over three hours, was one of the most notable stock market hits. Other examples include <strong>the 2014</strong> bond flash crash, which was triggered by <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Algorithmic_trading/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>algorithmic trading</strong></a> systems, and <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/2010_flash_crash/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>the 2010 Dow crash</strong></a>, which was triggered by <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Spoofing_attack/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>spoofing</strong></strong></a>.</p>\n<p>In the crypto world, flash crashes are triggered differently. For instance, in 2021, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin suffered a flash crash which wiped out around $310 billion from the digital currency market causing BTC liquidations <strong>worth $10 billion</strong>.</p>\n<p>This flash crash occurred as a result of blackouts in the region of Xinjiang in China, which is a place where some of the world&rsquo;s largest Bitcoin <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining-farm/">mining farms</strong></a> are located. According to further research, nearly half of Bitcoin&rsquo;s network outages were caused by <strong>power failures in this area</strong>, dropping the number of cryptographic hashes per second from 215 to 120 and causing a large selloff.</p>","level":"easy","meta_title":"What is Flash Crash? 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href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-market-capitalization-market-cap-mcap/">market cap</strong></a> could outweigh the total <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin market cap. The term was crafted in 2017 to describe a potential situation in which Ether might become the largest <strong>cryptocurrency</strong> in the world.</p>\n<p>Even though <strong>Bitcoin is the first cryptocurrency</strong> and it has the biggest market cap at the moment, in 2018 it was plunged at certain points which gave Ether fans the idea that the <strong>flippening could occur</strong> in the future.</p>\n<p>The assumption that Ethereum gives better freedom and the added benefit of being able to write <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> was a crucial aspect that prompted predictions that a flippening might occur. 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Fishes <strong>cannot visibility affect</strong> market share unless their holdings increase. After this happens, fishes can turn into <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-dolphin/">dolphins and eventually into whales (these two types of players <strong>significantly affect cryptocurrency prices</strong>).</p>\n<p>For instance, with <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin, the group of players that place orders of 1,000 BTC or more on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">cryptocurrency exchanges</strong></a> is known as <strong>Bitcoin dolphins</strong>. Bitcoin whales, on the other hand, are various hedge funds and huge institutions that place enormous orders worth far more than what dolphins place. For example, <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Tesla,_Inc./" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Tesla</strong></a> is one of the few <strong>high-profile BTC whales</strong> out there.</p>\n<p>Orders placed by whales are normally not visible to regular retail traders because they are processed through specific exchange procedures. The cryptocurrency movements of BTC whales lead to increased <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility, large-scale moves, and/or reduced <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity/">liquidity in the BTC market. Besides, BTC whales <strong>set the tone for minnows</strong> to speculate on the trajectory of future cryptocurrency prices.</p>","level":"easy","meta_title":"What is Fish? 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Handbook Cover Page
Crypto Terms: Letter F

What is Flash Crash?

Flash Crash MEANING:
Flash Crash - a market condition where the price of an asset drops drastically in a short period of time.
Easy
1 minute

Let's find out Flash Crash meaning, definition in crypto, what is Flash Crash, and all other detailed facts.

When the price of an asset drops drastically in a short period of time and then returns to the previous levels in the same amount of time it is referred to as a flash crash. In the cryptocurrency world, a flash crash can last from hours to minutes. Such flash crashes usually happen because of high-frequency trading.

Extreme downward price swings are a natural part of the volatility of digital currencies. As a result of the intense selling pressures, crypto values experience quick changes, resulting in flash crashes in many situations.

However, other industries, such as the stock and foreign exchange markets, also experience flash crashes. The July 2015 flash, when an effect on the New York Stock Exchange (NYSE) halted trading for over three hours, was one of the most notable stock market hits. Other examples include the 2014 bond flash crash, which was triggered by algorithmic trading systems, and the 2010 Dow crash, which was triggered by spoofing.

In the crypto world, flash crashes are triggered differently. For instance, in 2021, Bitcoin suffered a flash crash which wiped out around $310 billion from the digital currency market causing BTC liquidations worth $10 billion.

This flash crash occurred as a result of blackouts in the region of Xinjiang in China, which is a place where some of the world’s largest Bitcoin mining farms are located. According to further research, nearly half of Bitcoin’s network outages were caused by power failures in this area, dropping the number of cryptographic hashes per second from 215 to 120 and causing a large selloff.
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