/biz/ - Business & Finance

>>8786939
price b4 pump: $6624
mcap b4 pump: $112,375,151,375

price after pump: $6800
mcap after pump: $115,343,551,600

price change:
$6800 - $6624 = $175

market cap change:
$2,968,400,225

so now if you look at the current bitfinex orderbook, the price is at $6827. now if you wanted to pump the price exactly $175 dollars, it would have to go through exactly 1,540 BTC sell orders. to dump the price in other direction it would take selling through 1,954 BTC buy orders.

we can assume the orderbooks looked similar to this before the pump. so i am assuming it cost about $10,626,000 to move pump the price of bitcoin like that.