"Can't fill complete order!
Buy 31637.13 BTC for 321448.3 USD
Can't fill complete order!
Sell 24200.2 BTC for 181720.18 USD"
With the very basic logic i have with me , doesn't this show that the supply is 30% higher than demand ? even though the depth shows open orders ( which can be laregly speculative).
average whole market bidding ( 7.5$ )
average whole market asking ( 10.1$ )
put it in another words , it would take me 24000 coins to cover alll the coins demands on the cost of almost half of the whole supply.
someone can explain this to me ( in basic english ? )
First, this post will likely be moved to bitcoin discussion, or perhaps economics. Marketplace->Selling is for selling items you will accept BTC for. Second, in this market, there are less bids because new USD funds are usually spent fairly quickly once they arrive at mtgox, and those receiving them tend to cash out. Bitcoins can be moved in and out much quicker. This will not always be the case, but during the initial growth, it likely will be a strong tendency.