Sometimes there are price gaps in crypto; FTX.com uses stop limits to prevent crazy prints. Let's say a user was short 1 BTC, and had a 1 BTC buy stop loss at 9600. BTC then jumps straight from 9590 to 9900. Should the stop loss:
Conversation
Makes sense now. And since it's a limit order, by default it will be attempting to limit buy at 9600 ad naseum, however since BTC is a 24 hour market... price should not be able to jump so long as there is a limit order on the books? Unless trading was paused for some reason.
2
1
Replying to
You could imagine news comes out, basically all offers cancel and re-place themselves at 9900