ltrd Profile picture
Jun 27 4 tweets 2 min read
Very interesting behavior on BinanceFutures related to the trades on APEUSDT. It looks like there are simultaneously done orders on two sides with a big market impact. There is the more interesting thing if we will see closer...
#trading #HFT #cryptocurrecy #Binance
Every such behavior looks similar. What is really strange is that the last timestamp related to market sell is always the same as the first market buy. Assuming that those two orders are created by two different players - it is almost impossible that they know each other.
Market impact on those trades is more than average -> mean of the market impact of the market order is about 0.22 ticks (if we exclude all market orders without market impact - it is 1.39 ticks). Here we have more than 30 ticks on this market sell.
It is strange behavior but probably there is no possibility to use it if you are not the best in execution and have something like 3-5ms of execution time. What is worth calculating is the probability that we will see this pattern within one minute after the first appearance.

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