i test your idea about "thermal oscillator" and i think it's true. in this video when i close heater near led in the middle it start blinking.When LED's are poorly manufactured, or improperly handled in assembly, they can experience bond wire failure.
Normally, they are just plain old dead, but under certain circumstances, they can form a "thermal oscillator" where the bond wire makes contact, then almost immediately, the minute heat generated causes the circuit to open, the die cools, then the cycle repeats.
There must be 3 in series here, one is bad, all three flash.
The dimensions in question are so small that the frequency of this blinking can be quite fast.