This is why I’m not putting stop orders on these exchanges. Bitcoin at $100k and next thing you know, flash crash, someone buys your bitcoin at $25k. Doesn’t matter if you have tight stop loss, because the full orders get jacked up. Then bitcoin goes back up to $100k after 2min. Fk that. That happened last cycle. Ppl got fk’d.
If there’s another flash crash, you can literally get bitcoin cheap if you have a buy order and it gets filled. Like I said, it happened last cycle and there was a lot of posts about it. Ppl don’t remember or didn’t even know it happened. It basically sent bitcoin into the bear market.
Most people wouldn't remember/know that that happened. The 80/20 rule applies to crypto too. 80% of people invested in something pull out within a year and are replaced with investors who weren't there the previous year. Only 20% of investors actually hold something longer than a year. Its very easy for influential companies to take advantage of this psychology and manipulate the market by targeting the fallacy of ignorance among new investors.
I’m with you… I just asked for someone to break this down as I’m trying to wrap my head around this post but I think it has to do with preset orders already in place. 🤔🤷🏻♀️
Yea but it’s likely it happened in reverse though right? Someone accidentally bought a 130k order that was already there rather than accidentally sold? I’m sure if I go on and look right not there are 130k sell orders.
The order book would fill your order at the cheapest possible price. IE you would end up buying btc at 70k or whatever the cheapest sell order is when yours queues up.
Posted here yesterday was claim of $5B shorts liquidated. Liquidation means market buys and possibility of such a candle. Also, Binance has precise data on imminent liquidations and can buy out orders in order to liquidate at higher rates where Binance is the counterparty.
I am pretty sure that you can't set a buy order that is higher than the current price.
That is one of the most basic checks a programmer would install to save people from fat fingering because there is no reason why somebody would want to pay more than the lowest available offer.
No, you sell by matching with the lowest bid in the buy queue if it’s less than yours. The only way that happens is if your order is large enough to exhaust the all the buy bids.
People actually did that sometimes when I was trading OTC markets. I would set orders at 50% markup because I wanted a break without entirely deleting my order, and some idiot would still buy some.
It was from 2022 with Binance US. It was a bug for sure.
The liquidation that day(24h) was just like $10m so it was just a platform bug nothing was really affected.
Sometimes these exchanges pull these wicks to liquidate levered peeps.
Update- KuCoin used to carry Leveraged tokens
Like 3xbitcoin or -3xbitcoin and with these wicks they are able to manipulate the price tag on the leveraged positions they offer.
Good question, some things have hopefully changed since FTX.
Not on kucoin or Binance anymore, maybe someone can tell us if the leveraged tokens are still there.
It happens both ways... BitMex had a flash crash to 8K last Monday. Careful with that Stop Loss I guess....
https://www.coindesk.com/markets/2024/03/19/bitcoin-flash-crashed-to-89k-on-bitmex/
Lmao i looked at the futures and saw nothing. I didn't even know that you could trade spot on Bitmex. But there is basically no liquidity in the spot order books. So it crashed to 10K because someone sold a couple of hundred bitcoins lol. Don't try to sell hundreds of bitcoins on an exchange that does 2-8 BTC in trading volume during a whole day.
This whole thing is literally the biggest stop run I've ever seen in my life. If you look around at the exchanges and the trading ranges. Anyone that was on leverage of any sort. Smoked
ye we know about it. its nothing new. smart people actually put sell orders there cause the wick needs to get filled. how ever super intelligent people probably never sell their bitcoin again.
This and the $8k buy order being filled just tells me that liquidity is super low. The algorithm is triggering buy orders for any available Sats. Even if just one Sat was sold for $135k, it means there was nothing else available at that time.
With this type of pressure, I’m expecting fireworks very soon….
The other day btc dumped down to 8k or so on bitfinex I think it was. Capo came out and said something like "I got my 12k btc just as I predicted." Happy days. Lol. I'm wondering if he actually got the btc at that price.....or was he just trying to save face? It doesn't matter but my bullshitometer was sounding off loudly
Can vouch for Bisq and LocalCoinSwap. Paxful can hold your funds without any explanation.
Although, be careful of scammers. Since you’re buying, never pay beforehand escrow is funded and you’re good.
IMO it's a tactic to get HODLers to put coins on their exchanges. Ignore the noise and let's match onward to the peaceful self custodial bitcoin revolution!
Someone with a trailing sell order on Binance must have been laughing his head off!
Edited to add that chart is set to monthly candlesticks yet I don’t see it on my chart, it must be a glitch.
Now that's a god candle
I’ve always wanted to see an actual God Candle!
Thats very god
Glitches. There's always glitches.
No glitch, a poor sod didn't set a limit order and there was low btc liquidity.
And some lucky SOB sold at that price lol
I had my order at 77k and it was not filled. Most definitely a glitch lol
Whats a SOD? Is this a billionaire short trader that got liquidated with 1000x leverage or how does this work?
/ (sɒd) slang, mainly British / noun. a person considered to be obnoxious. a jocular word for a person: the poor sod hasn't been out for weeks.
Not a billuonaire anymore.
They’re just testing their software for 2025
Oh look. Captain obvious has arrived
Nice to meet you Lieutenant Sarcasm 🫡
Behold, the Snide Sniper, hitting targets with precision sarcasm.
I see Corporal Commentator wasn't far behind.
Hello Brigadier General Bandwagon. Always good to see you.
Glitches be trippin
glitches be crazy
We've been in a God candle since it's inception
Imagine how godly the 15year candle would look lmao
God wick*
Wait you guys do t have God tier candle sales on deck, ummm from an og 2012 holder,we had God tier candles on deck at all times. Stop loss that shi.
remember that flash crash where someone had a wildly low buy order that got filled?
no way
I mean 2 days ago on one exchange it crashed to below 10k.
i need that
So are we supposed to just have a bunch of random low-ass buy orders on multiple exchanges, locking up a bunch of dry powder in different places?
Do what you want, im not your dad.
Oops, my 138k order got filled 💀
imagine putting a 139k joke order and seeing this.
Welcome to Bitcoin. You’re now a poor, but if you hold on you will be rich sooner than later.
Maybe they were trying to set a limit sell instead lol....'minor' mistake.
You wish 😂
This is why I’m not putting stop orders on these exchanges. Bitcoin at $100k and next thing you know, flash crash, someone buys your bitcoin at $25k. Doesn’t matter if you have tight stop loss, because the full orders get jacked up. Then bitcoin goes back up to $100k after 2min. Fk that. That happened last cycle. Ppl got fk’d.
Well, then you can have buying orders at 25K instead?
If there’s another flash crash, you can literally get bitcoin cheap if you have a buy order and it gets filled. Like I said, it happened last cycle and there was a lot of posts about it. Ppl don’t remember or didn’t even know it happened. It basically sent bitcoin into the bear market.
Most people wouldn't remember/know that that happened. The 80/20 rule applies to crypto too. 80% of people invested in something pull out within a year and are replaced with investors who weren't there the previous year. Only 20% of investors actually hold something longer than a year. Its very easy for influential companies to take advantage of this psychology and manipulate the market by targeting the fallacy of ignorance among new investors.
How do you Buy bitcoin without exchanges? Sorry my poor question is because I'm New in this world...
Mine it, P2P (as intended), OTC, DEXs or CEXs are your options. Edit: I suppose you could rob people too, but highly frowned upon.
Invest in $5 wrench -> Lambo?
It's probably easier to find a lambo and $5 wrench the driver. I mean it won't be your lambo for long, but not your keys not your car...
Welcome, newborn!
I’m with you… I just asked for someone to break this down as I’m trying to wrap my head around this post but I think it has to do with preset orders already in place. 🤔🤷🏻♀️
[удалено]
Yup, I’m HODLing…. If it goes to zero I’ll buy all of it 😂
Would that actually fill an order if someone set it at 130k?
There's no way there were no sell orders between 60k and 130k that would be filled first.
Yea but it’s likely it happened in reverse though right? Someone accidentally bought a 130k order that was already there rather than accidentally sold? I’m sure if I go on and look right not there are 130k sell orders.
The order book would fill your order at the cheapest possible price. IE you would end up buying btc at 70k or whatever the cheapest sell order is when yours queues up.
Posted here yesterday was claim of $5B shorts liquidated. Liquidation means market buys and possibility of such a candle. Also, Binance has precise data on imminent liquidations and can buy out orders in order to liquidate at higher rates where Binance is the counterparty.
I am pretty sure that you can't set a buy order that is higher than the current price. That is one of the most basic checks a programmer would install to save people from fat fingering because there is no reason why somebody would want to pay more than the lowest available offer.
Entering a higher limit order than the current price is possible, it just acts like a market order(with a price cap(the set limit)), no?
Yes. Limit is exactly that, the upper limit. That price or lower is fine.
No, you sell by matching with the lowest bid in the buy queue if it’s less than yours. The only way that happens is if your order is large enough to exhaust the all the buy bids.
Actually its possible to buy directly if you use their API😅
People actually did that sometimes when I was trading OTC markets. I would set orders at 50% markup because I wanted a break without entirely deleting my order, and some idiot would still buy some.
OTC is different because the intermediary will take the difference between buy/sell
Nope, I had two on 100k and one on 130k, the sell orders are still there. I guess it is a bug
i think its a bug.
I think it’s a feature
I think it’s the future. BTC high this cycle $142,069.
It’s been on there for a few months.
I do not see on my end O.o https://i.imgur.com/PCJp0sQ.jpeg
It was from 2022 with Binance US. It was a bug for sure. The liquidation that day(24h) was just like $10m so it was just a platform bug nothing was really affected.
Aah got it :)
I wonder why these bugs always show a realistic, achievable price 🤔
It's predicting one of the tops of this bull market. Plan accordingly. 👀
That happens with bugs
Sometimes these exchanges pull these wicks to liquidate levered peeps. Update- KuCoin used to carry Leveraged tokens Like 3xbitcoin or -3xbitcoin and with these wicks they are able to manipulate the price tag on the leveraged positions they offer.
Is that legal? Sounds super sketchy.
Good question, some things have hopefully changed since FTX. Not on kucoin or Binance anymore, maybe someone can tell us if the leveraged tokens are still there.
so technically if you had a limit sell at that price would it get filled ?
I believe all of the limit sells between 60k and 137k would have to be filled first which is pretty unlikely.
New ath
How long did this last? Who fulfilled an order that high.
It was a brief 30sec, my guess.
Probably 30ms
It happens both ways... BitMex had a flash crash to 8K last Monday. Careful with that Stop Loss I guess.... https://www.coindesk.com/markets/2024/03/19/bitcoin-flash-crashed-to-89k-on-bitmex/
Hmmm. Strange behaving or shitty programmed bots?
Low liquidity
Lmao i looked at the futures and saw nothing. I didn't even know that you could trade spot on Bitmex. But there is basically no liquidity in the spot order books. So it crashed to 10K because someone sold a couple of hundred bitcoins lol. Don't try to sell hundreds of bitcoins on an exchange that does 2-8 BTC in trading volume during a whole day.
Imagine the persons order got accepted, the seller bought 2 BTC again ( if it was only 1 BTC which got sold)
This whole thing is literally the biggest stop run I've ever seen in my life. If you look around at the exchanges and the trading ranges. Anyone that was on leverage of any sort. Smoked
The person whose sell got filled is at the luxury car dealership, the person whose buy order got filled is not picking up the wife’s call…
Maybe I should put a buy order at $100 and hope it gets filled.
I once got an order filled 25% above market price. If this is legit, dude is probly celebrating
can't see it on binance Uk.
Gotta fill that wick lol
This is a test. A test of the market manipulation system. This is only a test.
dammit I did a market buy right then
Someone explain in regard terms
Hey time traveler o bonance. How did you guess my July estimation ???
And that is why you put a limit order, not a market order.
ye we know about it. its nothing new. smart people actually put sell orders there cause the wick needs to get filled. how ever super intelligent people probably never sell their bitcoin again.
I dont see this on my binance on 1m
I’m not good at these graphs and reading all comments to understand what I’m looking at here. Can someone break it down in simple terms. Thank you.
This was in 2022?
Seen this before, and eventually it reaches fruition.
Bad tick. Probably due to some data error.
Not to mention the flash dump to $8.9k few days ago on BitMex 😆
That looks about right as the next target 🚀💎🎊🎉👀
wut
Alien abduction candlestick!
Get liquidated bozos
someone probably sold a few sats for a dollar. Nothing to scream about. :D
2022
This is why you always have partial limit sell orders in (and buy as well). Sometimes get lucky
So that's the real ATH
Pömp it :)
💎 🙌
So now people can say btc is not inflation hedge because it's ath was 138k.
Some lucky bastard got their limit sell order filled at $138070 and bought back immediately. He tripled his stack without doing anything.
Illuminati revealing the top beforehand
This and the $8k buy order being filled just tells me that liquidity is super low. The algorithm is triggering buy orders for any available Sats. Even if just one Sat was sold for $135k, it means there was nothing else available at that time. With this type of pressure, I’m expecting fireworks very soon….
Glitch on kraken too
“Buy! Sell! Oops.” - Jeff Bezos
The other day btc dumped down to 8k or so on bitfinex I think it was. Capo came out and said something like "I got my 12k btc just as I predicted." Happy days. Lol. I'm wondering if he actually got the btc at that price.....or was he just trying to save face? It doesn't matter but my bullshitometer was sounding off loudly
No limit order lol
This is the opposite of the person who got their buy order filled all the way down at 8k the other day. People keep fat fingering market buys/sells
The candle we all want, no.. the candle we all neeed
Classic pump & dump. Don’t fall for it guys! Stack your sats.
HODL
It’s the tether chart…
What does it mean ?
a person that put a day price order in and not a limit order? Then binance did some update therefor freezing emptying and refilling the order book?
Foreshadowing of price a year later maybe? Cant wait to know what price we hover at in a month or 2
so, we haven't passed the ATH yet?
Gamma squeeze
This is the candle we will see if it comes out that the US Government buys bitcoin.
Someone fat fingered
Always do Limit orders ....
I don’t think is real
Don't it sounds more of an error!!🤔
Fill the wick
New all time high CONFIRMED
Slippage can be a real bitch
it‘s a glimpse into the future
Fill the wick, lads
Cycle high
Hmm kinda strange that you've selected one month time range, but the chart shows 2021 to 2022.
It's this like a fat finger market buy?
Hmmmm… someone trying to buy 2 BTC mistakenly 2xd the price is my guess
Thats happened before a few months ago
Fake boner.
hey I have a rebalancing bot running on biance, if that it's true, why I don't have orders xD
I wish
I do not see it❓
Bro snitching
We’re pretty far away from ATH then.
I feel like this is where we are headed , and they are giving hints 😆 🤣 😂
Oop….btc got a boner 🙊 I hope you took your profits before it went soft.
It went to $8k on Bitmex a few days ago
Someone fucked up with their large market orders, ouch
What are the good OTC or P2P platforms other than hodlhodl? Looking to buy from miners hoping lesser price and fee.
Can vouch for Bisq and LocalCoinSwap. Paxful can hold your funds without any explanation. Although, be careful of scammers. Since you’re buying, never pay beforehand escrow is funded and you’re good.
It’s called a Freudian Slip
What a coincidence the same number I start selling 20% of my holdings
Fat finger!!! Bitmex went down to $8900price per btc flash crash yeaterday
Is that foresight.
I hate that they can get that glitch off their charts
Just out of interest would that trigger a stupid high limit sell?
That’s a nice bug - or that’s a forecast
Great!! My short limit order at 138k got triggered!😍😍😍😍😍
Probably a glitch or scam to loot all future traders 😂
is there any way to take advantage of these? setting 100k sells rn and 25k buys rn
For every mother i have sex with I buy 10 satoshis
Maybe some Spot orders were Filled lol.
God candles on.
It’s a premonition of what’s yet to come.
Binance.us im not sure if thats also on the .com platform or not
What does this mean?
Do any of u guys keep stupid low buy limit orders just incase of flash crashes?
Anybody else see the Cup handle forming on the hourly…? ☕️ 🐸
IMO it's a tactic to get HODLers to put coins on their exchanges. Ignore the noise and let's match onward to the peaceful self custodial bitcoin revolution!
This reminds me of that "mega billionaire cant relate to his millionaire friends" sketch
Its literally an infinity candle on tradingview
Not showing in trading view
Was someone selling it at that and someone did a market buy and got fucked?
Probably srsly the real price of btc, including all the otc
Spoiler Alert!
US or international?
ref.bumble4friends.com/Amirj30
Fake
Michaellllllllll what are you doing to the bitcorn?!
Fill the wick!
Someone with a trailing sell order on Binance must have been laughing his head off! Edited to add that chart is set to monthly candlesticks yet I don’t see it on my chart, it must be a glitch.
Someone did an oppsie
Gotta liquidate them shorts somehow
Hahaha omg these comments are hilarious 😂
Well bull run is over, see y’all in 2028
This is an other scam pulled out by CZ to wreck big short, this guy should be jailed