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The title and the sensationalist wording of the article is complete nonsense. Yes, placing a large order might be interpreted as a signal by some traders and i
by TekMol 9y ago
The title and the sensationalist wording of the article is complete nonsense.
Yes, placing a large order might be interpreted as a signal by some traders and it might be possible to take advantage of that.
But that does not mean somebody dominates the price of Bitcoin. By the same logic you could say that HN posts dominate the price of Bitcoin because some traders might use them as a signal.
- imaginenore 9y agoNot only that, he has zero evidence that it's one entity. He has zero evidence that he doesn't let these orders execute. Bitfinex is the second largest bitcoin exchange, their daily volume is $130 million [1]. $2-4M trades are not anything out of the ordinary. [1] https://coinmarketcap.com/exchanges/volume/24-hour/ https://coinmarketcap.com/exchanges/volume/24-hour/