Buy walls on Bitfinex

[shulio]

I am in the crypto environment since 2013, but I have never seen something like this.



High amount buy walls seperated by one dollar.



There is 8K buy wall in 11 dolars span and 20K buy orders in 61 dollars span.

[gentlemand]

And this is why the SEC won't really want anything to do with this market for a long, long time to come despite an ETF being useful in calming this type of thing down. A bit chicken or egg.

[1Referee]

Sexy Tether walls.

I'm not really surprised since it's probably Bitfinex itself adding these walls to the orderbooks. No one in his right mind would have that much value on an exchange with that history.

Chinese exchanges during their glory days in Bitcoin were doing the same thing occasionally. One moment you see a 10,000BTC buy wall pop up, one second later the same whale dumped an exact number of coins in that buy order. The largest ever single order I have seen was a +30,000BTC sell wall on Bitstamp that was placed at $300 and then moved down to $275.