4 ms·
$19,697 was the high on GDAX, admittedly due to a thin order book. It'll take a bit more effort to get there again ($33m in market buys at the time of writing t
by g09980 9y ago
$19,697 was the high on GDAX, admittedly due to a thin order book. It'll take a bit more effort to get there again ($33m in market buys at the time of writing this.)
- dx034 9y agoIs $33m really a lot if institutional investors want to position themselves before futures become tradeable? For a $10bn hedge-fund (and there are a few of those) that's only 0.3% of assets. EDIT: As I write this, levels with sell orders of 100BTC often get cleared in less than a second. Probably because people who would sell aren't aware where the price is now but for now, demand seems to clearly dominate.
- aaavl2821 9y ago$33M seems like really light volume. for reference just one midcap biotech stock i looked at has like $700M in volume in just the first half of the trading day. thats just exectued trade volume; the order book would be much larger