What does this mean
To give you an idea about how devastating this move was to MMs, here's a before and after of a 10m bid/ask spread on Mex.
$BTCpic.twitter.com/0L3EOYyuRQ
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it means shit liquidity.A lot of ppl got liquidated and lost a lot of money and a lot of ppl are out of bitmex
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Looks like algos trading a bollinger band lol
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Doesn't look like much of a present to me.
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I dont get it the price didnt move much, how does this work?
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Very interesting, thanks Hsaka.
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T R E M E N D O U S
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It just means to fill $10mm of BTC gonna cost you a lot more because the MMs are not willing to take as much risk as before, they widened the spread, meaning they are charging more to provide liquidity.
End of conversation
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