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/biz/ - Business & Finance

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12004969 No.12004969 [Reply] [Original]

>obsessively watching bitmex order book
>whale slaps a $2M sell order in there
>sells about $200k or so
>usually less because price inevitably moves down
>bitmex price now significantly different from index price
>suddenly removes entire order
>price starts moving upwards
>usually enters a short term upward trend at leasty
what the fuck are these whale cunt doing when this happens?

>> No.12004993

They are selling what they can

Crypto is not liquid at all

>> No.12004998

>>12004969
OTC are desperate, they need coins now and down have enough
after their clients are fed we are going past 6k
big boys have to accumulated before he bakkt

>> No.12005010
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12005010

I dont know it seems they're always buying high selling low.

>> No.12005040

unless they have a second account and they're putting up a wall so people will sell into their desired buy orders.

There's no way of verifying how many accounts any single trader has on shitmex, right?

>> No.12005041

>>12004993
This. Liquidity went down the toilet recently, so each legit buy order gets basically filled at first sight. But on course this lead to an inevitable and constant decay in price, which leads to even less liquidity, until real buy orders literally disappear. That's when the fun begins