Add exchange of secret capital fund in great quantities brushing sheet, this is not news any more. How to identify trade truly long what kind of, is what those brush sheet artificially false trade after all what kind of?
The United States adds secret capital fund to manage company Bitwise to trade to American negotiable securities committee (SEC) application rolls out the bourse that is based on bit money to trade fund (ETF) , regard this as the one part of application, this company attach a report, collect and analysed the bit money that the whole world adds close money exchange 81 times to be in March 4 days to trade data. After undertaking an analysis to these data, bitwise discovery, what these bourse allege is daily the bit money of 6 billion dollar trades in, only 273 million dollar is true trade, in other words, it is factitious that the bit money of near 95% trades " create " come out.
Catenary is heard took Bitwise to refer this, go out choicely especially among them about " trade truly long what kind of " , " trade phonily long what kind of " part, teach a reader to use piercing eye, what to identify to brush sheet phonily to trade.
Trade truly long what kind of?
On the Coinbase Pro that can see day all restrain 27 million dollar into money of double ratio spy, the bit money of hang out is bought sheet and sell sheet to grow what sample after all.
The Coinbase that is located in san Francisco casts collect through wind capital of 546 million dollar. This bourse day all bit money trades amount is 27 million dollar about. The BitLicense bit money that Coinbase obtained finance of new York city to serve management board to issue trades license plate, increasing the reputation inside close money circle celebrated.
Next pictures are Coinbase trades cut screen of the interface:
What interface of this cut screen reacts above is Coinbase is brand-new " major adds close money exchange " of Coinbase Pro trade historical circumstance. Green part is to drive what the price goes high to buy sheet, gules part is to hit what case of demand a low price goes low to sell sheet.
Ask an attention, the part of red and green is not symmetrical, distributinging is inhomogenous, this is true trading circumstance.
This piece of cut pursues medium above, buy sheet (green) odder than selling (gules) more active.
What screen of this piece of cut catchs above is to trade amount circumstance.
Ask an attention, easy amount of different time hand over item by item differs very big, little have 0.0017 bit money only, have 1 bit money more. You still can see clinch a deal amount often also is random integer: 1 bit money, 0.6 bit money, 0.1 bit money is waited a moment. This is natural behavior: People trades more possibly 1 bit money this kind is integral, is not " 0.821 bit money " such number.
Above in this piece of graph, every gray " the candle " represent Coinbase Pro 5 minutes every clinch a deal the forehead.
Notice these please " the candle " size is differ: Be in certain 5 minutes of time paragraph inside, trade the specified number is larger.
Of graph intercept is to buy sheet and the price difference that sell sheet on. The unit is 0.01 dollars. Money of the bit when cut screen clinchs a deal the price is 3, 419 dollars. This is meant, bit money clinchs a deal inside 0.0003% price poor interval, the global finance tool with the narrowest difference of ascend social status trades cavalcade.
Is doubt like those who make a holiday to trade long what kind of?
A few case can seek below, see doubt be like those who make a holiday to trade long what appearance.
Example 1: Trade to be in active buy sheet and sell cell to clinch a deal
CoinBene (so-called day trades the forehead 480 million dollar)
CoinBene is so-called it is the whole world trades the forehead adds close money exchange highestly, day all trades amount is 480 million dollar about, this is equivalent to Coinbase trading 18 times of the forehead.
See next graphs can discover, in this market basically all trading is to be in active buying cost and sell what undertake between bade, this your person be suspicious.
Screen caught the cut that pursues on to become friendship condition.
Ask an attention, green and gules even crisscross. And go up in Coinbase Pro, the case that we see is, business activity all more random.
From CoinBene this kind of buying cost is mixed sell bade even stagger in light of area piece, have very likely very good, the allocation of the order of factitious buying and selling that arranges by economics even.
The cut screen above showed every clinch a deal " time jab " .
With clinch a deal since frontal union in light of, you can discover, coinBene is all trading is geminate and didymous, every buy sheet (green) corresponding brushstroke sells sheet (gules) . Trade the forehead is to differ almost very few, intermediate column shows this, make trade pair of elapse as time, almost mutual and quits!
From above in light of this check scheme, of this bourse clinch a deal the forehead parts with Coinbase Pro widely different.
From most Xiaocheng hands in the forehead to look, did not clinch a deal the specified amount is very small trade, the smallest brushstroke clinchs a deal is 0.43 bit money, be equivalent to 1400 dollars about. Coinbase Pro odd drawing is the smallest clinch a deal amount is 5 dollars only.
Although people favors integer trades apparently the forehead, coinBene also did not clinch a deal integrally.
Going up the time place of graph cut screen, the maximum price that buy sheet is 3, 239.59 dollars, minimum price selling sheet is 3, 274.33 dollars, this means price difference to be as high as 34.74 dollars. And under photograph comparing, of Coinbase Pro sell sheet and buy monovalent difference to be 0.01 dollars.
This is admirable place: This so-called clinch a deal the forehead is equivalent to Coinbase Pro 18 the bourse of times, price difference compares latter tower above unexpectedly 3400 multiple!
In addition, coinBene is less than Coinbase unexpectedly in the consequence in real world, this also makes life doubt. This is OK from below this chart looks quite:
Example 2: Much hour, much day trades the quantity is 0
RightBTC (so-called day trades the forehead 100 million dollar)
RightBTC so-called day trades 4 times what the forehead is equivalent to Coinbase Pro about. Nevertheless, it is in many hours, the trading that shows to much day very the forehead is 0. See next pictures please:
This kind of circumstance cannot be accepted with element of business hours, fluctuation, normal run time or other. Two compares those who have conviction explanations are to trade the forehead is built holiday and / or trade dig mine.
Going up the graph also can see, every " the candle " clinch a deal hourly on behalf of RightBTC the forehead. Ask an attention, appeared very big vacant, last several days sometimes, did not trade frontal happening.
Above this piece of cut pursues medium, of RightBTC sell sheet and buy monovalent difference to be as high as 371.99 dollars, the difference of 0.01 dollars value with Coinbase Pro is great difference simply.
This number is very absurd, trade so-calledly considering it especially 4 times what the forehead is equivalent to latter.
Example 3: Clinch a deal the specified number is final
CHAOEX (so-called day clinchs a deal the forehead 7, 0 dollar)
CHAOEX so-called day clinchs a deal the forehead 7, 0 dollar, than Coinbase Pro tower above one times much still. Nevertheless every sheet of this market clinchs a deal the forehead is invariable almost: According to everyday, every hour distributings equably. And, this a bit does not get market price check fluctuant, sudden news, rest the influence of the other element of period of time, real perhaps on the weekend world.
Of course, these are the example of a few very easy resolution only above. Not be every are built add close money exchange falsely to be able to be seen by wear. Still need more data, more thorough mining.
