Crypto Coin Tether Defies Logic on Kraken’s Market, Raising Red Flags

Re:Crypto Coin Tether Defies Logic on Kraken’s Market, Raisi... by pakitan on Friday June 29, 2018 @12:50PM (#17425720)

> Basic point is: If 37.5 moves the price 0.0002, and 13,076.389 only moves it by half that, then the second purchase is fake (trading to yourself).

No, you're making an assumption which is easily proven wrong. Here is what Kraken's USDT/USD book looks like on the bid side:

  Volume        Price
  125.000	$0.9988
  121.898	$0.9987
  535.315	$0.9985
  871.893	$0.9984
  147,258.063	$0.9983

That means if I sell 2000 USDT, I'll move the price by 0.0005. And if I sell 100000 USDT after that, the price won't move at all. As a whole, Bloomberg's article seems to have little substance. I don't see anything that suspicious.

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Re:Crypto Coin Tether Defies Logic on Kraken’s Market, Raisi... by lolc on Friday June 29, 2018 @06:36PM (#17428364)

Thank you. I was reading the whole article wondering what the order book looked like.

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Re:Crypto Coin Tether Defies Logic on Kraken’s Market, Raisi... by gcbw2 on Friday June 29, 2018 @05:50PM (#17428116)

is that volume or sell volume?

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Re:Crypto Coin Tether Defies Logic on Kraken’s Market, Raisi... by pakitan on Saturday June 30, 2018 @01:02PM (#17431591)

It's the total volume of the open bid orders.

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