My exchange is small and there are not many selling decent volume. Bids are stacked up stopping any large corrections. I’ve not seen it like this before. Yesterday was the first time I’ve ever sold and bought back at a higher price , because it just kept on surging up. Very itchy trigger finger.

Im about to sell a symbolic 0.001 bitcoin at USD10,000. whodathunk?

FWIW the hkd market has been significantly higher than usd the past week. Last peak I sold off some at up to hkd76,000 , around usd9700, expected a big correction which turned out much smaller than expected. A few times in the past the HKD market has preempted large but more gradual USD gains with sharp increases. I’d be interested in any views as to why this happens. In the hkd market we’re now sitting at around usd9500 but with very low volume

Sorry. I missed a decimal point. The numerous small trades are in the 0.001 btc range

I realise the value of a unit of btc has increased. This is about a change in the trading volume and frequency that is across the board, suggesting some kind of new factor.

I’m pretty new to this and I’ve been trading on Gatecoin as I’m in Hong King. In the past the order books had a fairly defined Bid and Ask paywall at around 10 coins with a fairly consistent spread and Trading amounts were generally between 0.1 to 3 or 4 coins. Recently trade is dominated by hundreds of 0.01 or similar trades which are regular but add up to high volatility but low volume. What’s driving this?