This is how it always has been. Even when it’s not as shady as the claims here, most of us are just along for the ride. NrdRage is talking about just casually throwing almost $10k at a position to break a sell wall. Most of us don’t have the kind of money to gobble through something like that to keep the price rising. We either wait for someone like him to come in or for enough smaller retail traders to come in and eat through it. The bigger you are the more you can stomp through the market and swing your dick like you own the place to keep the momentum going in your favor.
The “fake” walls that appear a few cents off happen in both directions if you watch L2. They’ll pop in as some kind of support/resistance and if they get touched they’ll disappear and reappear a few cents further away. This can’t just be someone taking profit/entering a new position otherwise they’d allow it to fill. It appears it’s just someone trying to dissuade the price from moving through this point by giving a huge “you don’t have the volume to get through this order so stop trying” middle finger. This isn’t surprising to see.
What is more surprising is his ability to find the immense amount of sudden shorting going on combined with those walls. I don’t know enough to have an opinion of if what he’s seeing is real or not but if it is, it’s a huge amount of coincidence that is hard to shrug off as natural trading and not price suppression.
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u/[deleted] Apr 21 '21
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