RE: Draft report of STEEM/SBD exchange transfers

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RE: Draft report of STEEM/SBD exchange transfers

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moecki (72)in #metrics • 2 years ago

Thanks for this analysis.
There is quite a high trading volume on binance between 18 and 20 August (Page 1, top right). During this time, the price dropped from around $0.27 to $0.23.

What exchange accounts am I missing?

I don't know of any others. I didn't know most of the ones mentioned already :-)

2 years ago in #metrics by moecki (72)

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remlaps-lite (77) 2 years ago

There is quite a high trading volume on binance between 18 and 20 August (Page 1, top right). During this time, the price dropped from around $0.27 to $0.23.

Right, I looked into that a little bit. Lots of transfers between exchanges and lots of STEEM left the exchanges (from hot.dunamu, whatever that is) at the same time (middle-right on page 1). I didn't think to compare it to price action, though, so your observation of the price change is a good addition.

With that additional information, I'm now guessing that maybe it was a trading bot that was working to arbitrage the rapid price changes between exchanges?

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