Topic: someone just placed a ten million dollar sell order. (Read 1967 times)

Just because there is a huge sell side order doesnt imply downside. It could be viewed as a good price for a whale.

No, right, I get the math. On the ask-order list It looks like it's only around $1 million.

Why does the chart show the blue line $10M tall??  That's effin' nuts if there's only $1 million of support.  I mean, supply and demand.  The chart is meaningless if you don't show them in the same units, right?

That's the cumulative, and if you're saying what I think you're trying to say, 1000x1000 isn't 10 million.

under AllUSD asks, I'm looking at this....  

price                volume     sum        ticker
992.19700   0.0290   74.1           btceUSD
992.33900   0.2910   74.4           btceUSD
992.53900   15.5000   89.9           btceUSD
992.54000   100.0000   189.9   btceUSD  <--
992.62000   1.6192   191.6   btceUSD
992.99000   0.0146   191.6   btceUS
....
993.80000   0.1000   76.6           btceUSD
993.80900   0.2176   76.8           btceUSD
993.81000   400.0000   476.8   btceUSD <---
993.98900   0.2682   477.1   btceUSD
994.00000   9.1307   486.2   btceUSD
994.19000   0.0125   486.2   btceUSD
994.20000   7.4465   493.7   btceUSD
994.42900   3.1000   496.8   btceUSD
994.43000   351.3400   848.1   btceUSD <---
994.50000   0.0500   848.2   btceUSD
995.28800   0.0900   859.3   btceUSD
995.30000   22.1194   881.4   btceUSD  <--
995.46000   0.0270   881.4   btceUSD
...
998.99800   0.6412   906.7   btceUSD
998.99900   16.1059   922.8   btceUSD  <--
999.00000   18.5126   941.3   btceUSD  <--
...
999.99000   5.2190   953.2   btceUSD
999.99800   1.0642   954.3   btceUSD
999.99900   44.3665   998.6   btceUSD  <--
1000.00000   0.0500   998.7   vcxUSD
1000.00000   0.1000   998.8   rockUSD
1000.00000   19.2054   1018.0   btceUSD <--

and maybe a few other large orders I missed.

It looks like a single whompin' huge vertical line on the chart, but now that I look at the asks column, it's several different middlin' large orders all clustered together right around 1000.  And they're all on btce, oddly enough.  

According to the calibration line at the left side of the top chart, the top of the wall is just short of '11M'  and the bottom at just over 1M.  But looking at the 'Asks' list I can only find about $1M worth of orders.  Most of it shows as the two BIG orders at 993.81 and 994.83.  But that doesn't add up to $10M.

    What exactly is the scale o the top chart? 

I think you might be looking at the left-hand scale when you should be looking at the right-hand side for the ask depth. There are 351.3400 btc for sale at 994.43000 which looks like a huge wall but is actually about $350,000. Still a considerable amount but nowhere near 10 million

I wonder how much BTC these early adopters are still holding on to. Maybe there will be lots more of these big sell orders in the future...

That's great. It's how Bitcoin spreads.

Muss with the sliders at the bottom of the chart if you don't see it.  I'm displaying the range from 880 to 1010.

and still there. 

I've got to reset my "holy crap" o meter.

FUD, and fake info

Sorry.  The URL doesn't do it by itself.  Click "all USD" then click "depth."

It appears to be spread over several different marketplaces.

I checked BitStamp, MtGox and BTCChina and couldn't see this "$10 million dollar wall" [~10,000 BTC]  anywhere. 

http://bitcoin-analytics.com/

Wow.  I've never seen a vertical ten-million dollar wall before.