Today's market crash is brought to you by Kraken's malfunctioning trade matching engine.
Conversation
Hi Kevin, I'm a fan of but don't you think it's irresponsible to make misleading, disparaging and libelous statements on the basis of your own speculation, without any direct information? I'm sure you can think of a plausible alternative. Hope you issue a correction.
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Wooow calm down, you are the boss who really should stop defending but instead helping out. There was no other exchange with these insane non-market prices. Eth going down to USD 700 !!!!!!! Please repair, you can’t rewind.
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Every price is a market price.
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Except it wasn’t, because the market broke. Clearly liquidation and stop loss orders triggered the event, however, Krakens API seized up under the lid. I personally tried to place supporting bids in ADA at 50/40/30 cents, but the API returned “unknown errors”.
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If someone sells 1m ETH, you can't just stick a buy order in the middle of that. Even if you got a buy order in after that 1m sold, it doesn't mean that there'd be more orders coming to sell at your price, or that there wouldn't be higher bids on top of you.