4 ms·
> Basic point is: If 37.5 moves the price 0.0002, and 13,076.389 only moves it by half that, then the second purchase is fake (trading to yourself). No, you're
by pakitan 8y ago
> Basic point is: If 37.5 moves the price 0.0002, and 13,076.389 only moves it by half that, then the second purchase is fake (trading to yourself).
No, you're making an assumption which is easily proven wrong. Here is what Kraken's USDT/USD book looks like on the bid side:
Volume Price
125.000 $0.9988
121.898 $0.9987
535.315 $0.9985
871.893 $0.9984
147,258.063 $0.9983
That means if I sell 2000 USDT, I'll move the price by 0.0005. And if I sell 100000 USDT after that, the price won't move at all.
As a whole, Bloomberg's article seems to have little substance. I don't see anything that suspicious.