With the big drop in prices (especially Gox) the last 24 hours I was wondering if all exchanges were changing at the same percentages, and if not how would they differ. Since comparing CNY with USD and BTC with LTC is a bit tricky (apples and pears etc) I made myself a chart containing indexed prices (check this wikipdia entry if you want to know more about indices:
http://en.wikipedia.org/wiki/Price_index#Normalizing_index_numbers )
I used 02/06/2014 -- 4:00:00pm UTC as the index base. A bit arbitrary I know, but that was the moment I started collecting Huobi ticker data and I did want to include Huobi since it is one of the largest exchanges.
This chart will make it easy to compare multiple markets and their relative volatility. I found it useful myself, and since I already made it I thought why not share it :
http://charts-bfxdata.rhcloud.com/graphExchangeComparison.phpLet me know if you find this useful. If so I will keep it available if not, also fine.
cheers
Bjorn
I think I know what's going on....
Bitstamp is back to the niveau before the Gox news
A lot of pigs got slaughtered.
I'm just wondering if the one who sold 8.5k BTC with a market order on BTC-E taking the price down to $102 is a mentally challenged trader who went full retard or just a poor guy who got his account hacked.
He lost MILLIONS to the lucky bastards that had bids down to $100 on BTC-E. Somebody six-folded his money in a couple of seconds.
Pretty sure this was a cascade of forced liquidations, not one actor.
There were some major margin call on Bitfinex -> Bitstamp, maybe BTCE joust followed
No this is not the chart you are supposed to look at. Your chart shows the amount of money people earn from USD swaps and BTC swaps respectively. The average swap interest rate for USD is 0.12% and for BTC swaps it is 0.005%!!
That explains the difference in your chart, but it doesn't represent the quantity of longs VS shorts.
The chart you are supposed to look at is this (the second one from the top):
http://www.bfxdata.com/combined/btc.phpYou can see that the total active BTC Swaps (shorts) are very high and the total active USD swaps (longs) is currently low.
A lot more shorts than longs
Actually both charts display more or less the same information. The big difference between the 2 is that the short positions (i.e BTC+LTC swaps opened / total sum of swaps in BTC and LTC ) in the
http://www.bfxdata.com/sentiment/longshort.php charts are represented in USD Value so you can compare the absolute value of long vs short positions. The charts on
http://www.bfxdata.com/combined/btc.php can be a bit misleading as you are comparing charts in different scales (5k BTC vs 30 000k USD) Sandia is actually correct in observing there are ~10x more long positions (29.8 million USD worth long Swaps vs 3.6 Million USD worth BTC+LTC short Swaps)
To make things clear, I'm the creator of the charts so I'm quit sure this is the way you should read the charts
I am looking at "BTCUSD Price combined with total sum of ACTIVE BTC and USD SWAPS" chart that says there are currently 5300 btc shorted, and 29.9M USD long (over 50k btc). Pay attention to the axis on the right of the graph.
you're right Sandia
Added long vs short ratio charts for 1h/6h/12h/24h to
BFXdata.comHope you'll find them useful
