Maybe the charts are up because of the holidays.
It is the Lunar new year, and a lot of people are not working, and have the time to play with tradings.
It's better if we'll wait a week or more and then see the effect.
I don't think you can conclude anything from this chart alone.
But it will be interesting to follow up...
Topic: The effect of fees on the Chinese exchanges in a single chart - page 2. (Read 1369 times)
Ha ha. Now we will find out what the actual volumes in the Chinese exchanges are. But I don't see any direct correlation between Bitcoin's price and volumes. If anything, it will assure traders that there is sufficient market depth.
Even more dramatic if you factor Huobi into the equation.
Hi Red-Apple
The image is from the following site:
https://data.bitcoinity.org/markets/volume/30d?c=e&t=bar
Play around with the options on the left side, plus the times at the top. At the bottom you have the option to change it from bars to expanded area charts. Once you have the chart you want, if you hover your mouse over it, you can see the breakdown.
The image is from the following site:
https://data.bitcoinity.org/markets/volume/30d?c=e&t=bar
Play around with the options on the left side, plus the times at the top. At the bottom you have the option to change it from bars to expanded area charts. Once you have the chart you want, if you hover your mouse over it, you can see the breakdown.
it wasn't just the 0.2% fee but a lot have changed over there. their margin trading has stopped, and so much of their fake operations with fake volume has stopped because of the pressure of PBOC.
p.s. what website is this chart from? (by the way thanks for sharing, i was actually looking for something like this)
p.s. what website is this chart from? (by the way thanks for sharing, i was actually looking for something like this)
The Chinese exchanges applied trading fees of 0.2% for the first time on January 24th 2017. You can see the effect in the following chart:
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