Hi,
I've been working on some charting and analysis software and using the order information from CAVIRTEX.COM to feed it.
Raw data (bids/asks) I'm pulling are at
https://www.cavirtex.com/api/CAD/orderbook.json and follow the bitcoincharts recommended formatting. As I understand it, the order book shows a list of currently open bids and asks.
I have found that a lot of the asks seem to be almost nonsensical.
The bids to asks ratio hovers at just about 1:1 (400 to 400 or so). Most of the numbers seem pretty static.
Here are some sample asks from a few seconds ago:
ASK: Order [amount=207.65000000BTC, price=$5.00/BTC, total=$1038.25]
ASK: Order [amount=250.00000000BTC, price=$11.00/BTC, total=$2750.00]
ASK: Order [amount=102.00000000BTC, price=$4.00/BTC, total=$408.00]
ASK: Order [amount=130.00000000BTC, price=$5.00/BTC, total=$650.00]
ASK: Order [amount=122.37900000BTC, price=$5.00/BTC, total=$611.89]
ASK: Order [amount=105.60000000BTC, price=$4.85/BTC, total=$512.16]
ASK: Order [amount=250.00000000BTC, price=$10.94/BTC, total=$2735.00]
ASK: Order [amount=295.89000000BTC, price=$4.09/BTC, total=$1210.19]
ASK: Order [amount=94.47998000BTC, price=$14.00/BTC, total=$1322.71]
ASK: Order [amount=244.99000000BTC, price=$1.00/BTC, total=$244.99]
ASK: Order [amount=120.00000000BTC, price=$5.00/BTC, total=$600.00]
ASK: Order [amount=298.00000000BTC, price=$0.40/BTC, total=$119.20]
ASK: Order [amount=135.00000000BTC, price=$29.78/BTC, total=$4020.30]
ASK: Order [amount=95.00000000BTC, price=$1.00/BTC, total=$95.00]
ASK: Order [amount=109.88000000BTC, price=$33.11/BTC, total=$3638.12]
ASK: Order [amount=135.00000000BTC, price=$0.45/BTC, total=$60.75]
ASK: Order [amount=98.88800000BTC, price=$1.00/BTC, total=$98.88]
ASK: Order [amount=280.00000000BTC, price=$1.00/BTC, total=$280.00]
ASK: Order [amount=250.00000000BTC, price=$4.00/BTC, total=$1000.00]
ASK: Order [amount=125.00000000BTC, price=$1.00/BTC, total=$125.00]
The price of BTC is around $80 at time of posting.
At current prices, every single one of those asks should have been filled. Who is selling 135BTC at $29.78? Some poor sap on CAVIRTEX, apparently - and oddly,
no one is buying at those insanely low prices.Using the feed data, I calculated the following on one pull from orderbook.json:
ASKS: High: 269.00, Low: 0.00, Average: 6.80, Outstanding: 392
BIDS: High: 3500.00, Low: 0.00, Average: 32.17, Outstanding: 420
Yes, there are apparently free bitcoins on offer at cavirtex.com... Except that they're just sitting on the books, not being filled.
When trades come through I do see the order book gain and lose an entry, but this pile of garbage data stays put.
Cavirtex also seems to publish a "live" human-readable but abbreviated order book on their site at
https://www.cavirtex.com/orderbook, but I don't see the trades listed there in the json file.
Maybe cavirtex is not filling orders outside of a bracket around the current generally-accepted price of BTC, or they're just trying to make their market seem deeper than it is by padding the order book.
Maybe someone else could put some eyeballs on this feed and corroborate my findings. I am new to this stuff, so I'm probably making a mistake. I would be equally happy to hear what my mistake might be, or that I've found something weird after all.
