Dunno if it's just me but it looks like FTX may be wash trading or be doing some very dodgy things on their exchange.
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I've just seen overly large orders hit in and out at the same second. Sometimes these things happen (fat fingering etc) but It's happening on such a regular basis now that It's starting to look like wash trading to me.
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How would you know it's at a loss? Like each trade has 1 buyer and 1 sellers so there's also someone winning.
That type of patter is likely some person or bot that does short timescale trades, closes them down quickly, based on some signals. It's different from the other one.
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I've tried to view this trade from so many different aspects (arbers, short term traders, long term traders, quants) only thing i can come up with is a fat finger, hacker or wash trading.
I'll come back to you in a few days if it continues and we can discuss whats going on.
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Understood--if you can give me a specific time/trade too that can help me understand.
I can 100% promise it's not wash trading (and fairly certain it's not hacking). My guess is short term trading and/or Leveraged Tokens, depending on which one.
