A recent interesting phenomenon has gone viral—two days ago, a small coin trading pair experienced an extreme market event, with BTC price once surging to $24,100, causing major financial media outlets to rush to report.



Upon closer inspection, it turns out this was actually a technical anomaly. That trading pair showed a clear spike candlestick at a certain moment, but the exchange still displayed this abnormal candle without hiding or removing it.

What's even more interesting is looking at the trading data—this trading pair only had a $67 million trading volume in a day, while the main trading pairs of the same coin had more than 15 times that amount. Liquidity is severely lacking, the order book is shallow, making it easy for large orders to push prices to extreme levels. Small amounts of capital entering or leaving can create the illusion of a market collapse, which is common in low-depth trading pairs.
BTC-1,2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ProtocolRebelvip
· 10h ago
It's the same trick again. Small trading pairs with thin liquidity are easily pushed out of their prices by monsters and demons. You really need to be more cautious.
View OriginalReply0
PortfolioAlertvip
· 22h ago
It's the same old trick. Small trading pairs with low liquidity are easily manipulated, and exchanges still don't handle abnormal K-lines, causing retail investors to be fooled every day.
View OriginalReply0
MrRightClickvip
· 23h ago
It's the old trick with small trading pairs again; poor liquidity makes it easy for others to manipulate.
View OriginalReply0
FantasyGuardianvip
· 23h ago
Another one of these sneaky tricks, exchanges are too lazy to delete candles anymore, they just scare retail investors directly.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)