Trading volume for last 3 weeks of January and first week of February is about 7x trading volume for the month previous to that.
Where did you get this data?
I don't find it on blockchain.info?
Topic: Anybody else notice trading volume is up by 7x for the last 30 days? - page 2. (Read 2664 times)
February 14, 2015, 11:00:01 AM
Where did you get this data?
I don't find it on blockchain.info?
February 14, 2015, 07:29:46 AM
Interesting. Didn't notice that. If there is heavy volume and price still maintains range bound it shows that any heavy selling is countered by strong buying. Vice versa.
February 14, 2015, 12:22:41 AM
It looks to me like someone is testing the market's ability to absorb and recover from higher-volume purchases and trades.
The experiment, I guess, shows that there is a lot of "latent" supply/demand out there that doesn't show in the open-orders of the exchanges. The Bitcoin market is apparently deeper than it appears just by looking at the exchanges open orders. It's confirming something that was shown by the "bearwhale" episode, but it's being done a lot more carefully.
Every asset has an asset-to-market ratio - some percentage of the total amount of the asset is on the market (with a sell order or at least a stop-loss at some price point) at some price. When a derivative market gets overextended, the asset-to-market ratio can even get higher than 1 to 1.
Bitcoin appears to have a considerably lower than average asset-to-market ratio. The asset is owned by people who might be willing to trade it tomorrow or the next day or the day after that but who are, more often than with most assets, not represented at a given moment by any corresponding open sell orders on the books at the markets -- not even at very high prices. Conversely, there are a lot of people who might buy it tomorrow or the next day or the day after that, whose interests are not represented by open buy orders in the markets, even buy orders at very low prices.
This is "noise" rather than "signal" to long-term investors, but is crucial information to someone who is getting ready to manipulate the market, getting ready to open a new market, or getting ready to start a new trading pattern that the market would respond to differently depending on its actual depth.
Hmmm..... still interesting, still don't know what's really happening. Time to make more popcorn.
The experiment, I guess, shows that there is a lot of "latent" supply/demand out there that doesn't show in the open-orders of the exchanges. The Bitcoin market is apparently deeper than it appears just by looking at the exchanges open orders. It's confirming something that was shown by the "bearwhale" episode, but it's being done a lot more carefully.
Every asset has an asset-to-market ratio - some percentage of the total amount of the asset is on the market (with a sell order or at least a stop-loss at some price point) at some price. When a derivative market gets overextended, the asset-to-market ratio can even get higher than 1 to 1.
Bitcoin appears to have a considerably lower than average asset-to-market ratio. The asset is owned by people who might be willing to trade it tomorrow or the next day or the day after that but who are, more often than with most assets, not represented at a given moment by any corresponding open sell orders on the books at the markets -- not even at very high prices. Conversely, there are a lot of people who might buy it tomorrow or the next day or the day after that, whose interests are not represented by open buy orders in the markets, even buy orders at very low prices.
This is "noise" rather than "signal" to long-term investors, but is crucial information to someone who is getting ready to manipulate the market, getting ready to open a new market, or getting ready to start a new trading pattern that the market would respond to differently depending on its actual depth.
Hmmm..... still interesting, still don't know what's really happening. Time to make more popcorn.
February 07, 2015, 06:20:57 PM
no. It hasn't. Not since the run-up to the big spike a year and a half or so ago.
The previous thirty days the volume in that market was only about $260k.
The previous thirty days the volume in that market was only about $260k.
February 07, 2015, 04:12:57 PM
All the shiz is happening at btc-e. Current volume is just over 2m. Also they hold the lowest sell price .
Over 2 million?
Has it always been like that?
February 07, 2015, 03:43:59 PM
All the shiz is happening at btc-e. Current volume is just over 2mBTC. Also they hold the lowest sell price .
February 07, 2015, 03:14:50 PM
Trading volume for last 3 weeks of January and first week of February is about 7x trading volume for the month previous to that. And it's happened without major price movements.
Int....eresting. Anybody got wild-assed guesses about what it means? I've made some popcorn and I'm sitting back to watch what happens next.
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