I observed the market development of the big 4 exchanges for quite a while.
What i recognized is:
- BTCChina is the biggest exchange in means of volume
- BTCChina (chinese market) drove this ralley
--Nevertheless--
Mt. Gox seems to dictate the movement as if all the others are watching and waiting for what'S happening on Gox!?
Is this due to habitual usage from earlier days?
Or is there kind of a "hidden" buy/sell" potential within Mt.Gox which can produce very high volume in short time, that is simply not used ATM. Most of the big fishes should have started with Mt. Gox because of the lack of alternatives.
Bitstamp and BTC-e just follow with respect
Did you recognize the same? Shouldn't BTCChina take the lead!? Sometimes I have the impression, BTCChina even is afraid of it's own strength and tries to hide behind the others?
