Conversation

Jesse Powell
@jespow
Hi Kevin, I'm a fan of
@coinmetrics
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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NFT profile picture
fabio4prez.eth 🦇🔊🇺🇦
@fabio4prez
Then you should *immediately* account for *exactly* what happened with
@krakenfx
today, what you plan to do about it, and how you'll make it right with your customers. You guys have had *zero* communication with your clients about this today - leave it to the internet to guess.
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testing123123
@VictorBurry
You're exchange doesn't allow buying/depth in the order book because orders get pulled during any moments of heavy volume. Your exchange dropped further than any other exchange due to the inability for buyers to even enter positions, further exasperating a leverage cascade
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DeepShAIte
@DeepShAIte
He should explain why the prices quoted on his trading platform for were so disproportionate to the rest of the market instead of threatening the analyst. At best, an explanation of selling makes the price go down is incomplete and disrespectful. I feel sorry for those affected.
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Jesse Powell
@jespow
Sounds like you are looking for an answer to the question of why there was not enough buying to make up for all the selling. Sometimes there are imbalances, which results in the price moving up or down. Sometimes the imbalances are bigger than at other times.
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DeepShAIte
@DeepShAIte
How can you explain that the imbalances were that much greater? Is Kraken as one of the largest and oldest really that illiquid and devoid of buying when other exchanges did not suffer this and in multiple crypto markets? The probabilities would make any good scientist curious.
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NFT profile picture
fabio4prez.eth 🦇🔊🇺🇦
@fabio4prez
I also appreciate the gesture from
@jespow
, I just wish that line of communication was more obvious via a blog post or something, front and center on your home page. Otherwise people will just guess “what happened”, and it makes you look like Robinhood limiting buy orders.
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NFT profile picture
fabio4prez.eth 🦇🔊🇺🇦
@fabio4prez
Also, we would like to know why this occurred across multiple markets. Not just ETH/USD, but ADA/USD and DOT/USD. All at the same time. And if the order book was loaded across all markets, what do you expect the future of markets to do except be hands off to humans, bots only?
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