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Crypto is an... interesting market. The vast majority of trades are done by bots. Some external event causes BTC to swing and bots key off that, magnifying th
by xienze 5y ago
Crypto is an... interesting market. The vast majority of trades are done by bots. Some external event causes BTC to swing and bots key off that, magnifying the effect. When it’s a REALLY big event like today and people are trying to cash out, the effect feeds on itself.
- muskox2 5y agoDoes the stock market work similarly? From what I understand about 4/5 of all trading done today is automated.