Thread by @lowstrife

Performance of Bitmex vs. Deribit during the Bitstamp flash crash. 50 trades per candle.

deribit.com/reg-5851.8608

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I edited this chart to compress it slightly for readability. To me it looks like there was this crazy algorithmic stairstepping on the bid liquidity, where you would expect it to pause at levels where there are very large bids. Very linear when I would not expect it to be.

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Here is an album of a much larger view of the event from these two exchanges

imgur.com/a/Tyx7X5O

Here is a video of the price action on Bitstamp that caused this whole thing



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