> Basic point is: If 37.5 moves the price 0.0002, and 13,076.389 only moves it b... | Hacker News

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		pakitan on June 29, 2018 \| parent \| context \| favorite \| on: Crypto Coin Tether Defies Logic on Kraken’s Market... > 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.

lolc on June 29, 2018 | [–]

Thank you. I was reading the whole article wondering what the order book looked like.

gcbw2 on June 29, 2018 | [–]

is that volume or sell volume?

pakitan on June 30, 2018 | [–]

It's the total volume of the open bid orders.

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