It was 2 pretty big weeks though. We had a full AV weekend. A LOT of people have at least 1 level 70 in full S4 gear with epic flying and a few thousand gold.
Considering that on day 3, Angerforge had maybe a handful of level 70s, and the AH was still full of items at leveling prices (not so far from vendor pricing), it’s not that hard to see the type of impact that could have, even if just the hit to morale.
Then take a look at the announcement of Angerforge:
Does this suggest that transfers are going to be enabled in 3 days?