Hi bjornw,
great job !!
I have "hacked" your pages to have on the same page this different graphs that are very useful: the USD Highest liquidity chart and the price chart. I saw there is a really strict correlation bewteen the change of the price and the change of the Lowest USD liquidity demand.
I've created a static HTML file with two iframes with the different charts so that I can compare them easily. Maybe you can add it to your service, merging the data of the two graphs in a single one.
Great work!!
Nick.
I've made nick32768 a graph, but to be honest, personally i'm not convinced what I could do with this correlation. I think it's not more than logical that there should be a correlation between the change of price and the peeks in liquify rates: if there is a rally going on more people will open a leveraged position, hence take a liquidity offer. So of course there is a correlation. Rally -> price goes up -> higher liquidity demand -> liquidity rate rises. (if someone thinks differently, please share your thoughts here).
anyway for anyone, like nick32768, interested I've made a "BTC price - USD liquidity rate chart" :
http://www.bfxdata.com/graphLiquidityUSDPriceBTCUSDCombined.phpIf anyone can give me a good reason (plus theory) to incorporate it to the main site I will, for the time being use the above link if you're interested
@ nick32768 not to burn your theory down, but I just don't see what I could do with it. Please add you're thoughts on why it's useful, maybe i'm just missing something
Anyhow I really appreciate your input, so if you have more insight please do share them. I'm looking forward to to them
oh and on a side note I've just added liquidity stats pages for BTC / LTC (same as for USD).
A few considerations:
- lend books is very "thin" for BTC and LTC liquidity swaps (i.e. very few offers and demands) so depth chart will be a bit hard to read. just click in the legend to hide bids or ask to get a better readable chart.
- I've just today started collecting data for the lowest liquidity offer / highest liquidity demand for BTC an LTC so the graphs will look a bit odd the first couple of hours, they'll improve by time (just like a good wine).
regard Bjorn