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$550M on just the Coinbase BTC-USD book in the past 24 hours. $1B on Bitfinex. Liquidity is currently very strong.

• ufo 9y ago
  That is trading volume, not liquidity. And we should be wary of the trading volume on bitcoin exchanges, a lot of it is manipulated. (In particular, I would never trust any numbers coming from Bitfinex)
  • dahdum 9y ago
    Coinbase is not a sketchy exchange by any means, and while I'm cautious about Bitfinex their volume is quite believable given they are the default choice for non US persons. That's also why I quoted USD, if you include crypto-crypto volume and some of the zero fee exchanges it definitely becomes nonsense.
  • dahdum 9y ago
    Ok...last 10 minutes proved your point. That was bananas.
    • ufo 9y ago
      What happened?
      • dahdum 9y ago
        Coinbase added Bitcoin Cash to GDAX. BTC plummeted from mid $17.8k to $14.9k in 15 minutes, now back to $16.6k. ETH from $857 to $700 same period, back to $771 now. Good times...