1-July-2011
20:34 UTC
MtGox USD 41339
TH USD 3452
B7 USD 399
Source: Bitcoin Watch (volume in the last 24hrs)
MtGox 91%
Tradehill 8%
Bitcoin7 1%Warning: I strongly suspect the data in
Bitcoin Watch or
Bitcoin Charts is
wrong. Right now, Bitcoin charts shows a MtGox Volume of 17799 since 0:00 UTC. Yesterday the volume was very low, so its impossible that the 24 hrs volume that Bitcoin Watch shows right now (41339) can be right.
The trades at MtGox in the last 4 hours of yesterday were not 140% of the trades in the 20.5 hours of today. Whoever manages those sites, check your algorithms, as something is not adding up here.
EDIT: I checked the charts of the last 48 hrs, and in fact there was a strange anomaly in trading precisely in the last 3 hours of yesterday, so it is perfectly possible that 70% of the daily trading could happen in mere 3 hours. This kind of trading activity does not happen very often though, and to me it was just an artifact caused by bots reacting to a sudden big sale, and it does not reflect a human buying pattern.
I wonder if looking at traded volumes makes any sense at all, when automatic trading is present. The volume could mean nothing. Any thoughts from more experienced traders?