Bitfinex marketbought with $60 slippage. Bitmex moved $5. Coinbase moved $12. Markets a lot different now than in years past and bitfinex clearly is not in control anymore.pic.twitter.com/21I18snoNf
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Bias guy here. On coinbase the volume for that candle was 50 BTC vs 560 BTC on bitfinex. Not sure if I agree on your statement.
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Good old times
End of conversation
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My point is that if there is a rouge market order on one exchange, typically you will get a "reaction" out of the others. If someone had cleared $60 on bitmex or coinbase, I'd expect to see a broader reaction across all other markets than I saw here on bitfinex.
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I see your point. Although in my experience market makers are getting sophisticated and won't replicate volume just like that anymore. They would adjust up or down their orders, to follow the trend and get the most benefit out of the movement.
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4 trades of 90 BTC each on bitfinex, followed by arbitrage trades on other exchanges.pic.twitter.com/gB6mVVCTJ8
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Market makers and arbs on other exchanges took around 1 second to adjust. Here is a view zoomed in on the last trade. That 90 BTC trade moved the global price from 7585.5 to 7589pic.twitter.com/1HNtMj8QoG
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