JorgeStolfi
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January 27, 2014, 10:54:32 PM

This Sunday jan/26 was rather atypical.  Volume was higher than normal in the Chinese exchanges (128 kBTC), especially Huobi, and price shot up by ~200 CNY from 4850 in intense trading, starting at about 22:00 local time. (As everybody noticed, that rally was basically undone today). 

Volume was slightly higher tha usual in exchanges outside China, but price rallied there too. 

China still has roughly 3/4 of the volume that I can monitor.

People have asked what is the point of these reports.  It seems important to compare the volumes, since (all other things equal, and barring major fakery) the higher-volume sites should have more weight in defining the price.  Arbitrage trading, for example, should generally have a larger impact on the market with smaller volume.

It would be nice to have more data about the trades than just the volume; but even if the data is out there, I will not have the time to collect it.