Details? (Not trading there that much, just curious)
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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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This is likely related to Leveraged Tokens, not wash trading. Rebalances/creations/redemptions can all cause significant volume.
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Honestly I'm confused by what those two trades are--LTs don't buy and sell in the same minute, so that's not the whole story there. Unfortunately without timestamps it's hard for me to know what's going on.
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I also don't know what the red and green mean there. Does that refer to whether it traded on the bid or offer? does that refer to whether the price increased or decreased?
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ER but when you say buy (up arrow) what do you mean by "buy", every trade has a buyer and a seller.
Does it mean the trade was above the previous or that the trade happened on the offer?
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Got it--if we can catch one with a timestamp I can look into what's going on more. One thing I will say--anyone can trade against any of the orders on FTX so if you think there's a good trade, go for it!
Come on guys it's really simple. The $4m sell came first @ 5012. It obviously did not push the price to 5181, so they are two different contracts. Someone betting that funding going to reap more than ~$170 between now and expiry, so markets both at once. Simple explanation.
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