/biz/ - Business & Finance

If you watch the order book you see long sequences of price increments of ask quotes for 0.01 ETH. Once the top of the book if filled, it causes a cascade leading to upward momentum.

So a bunch of algorithms and people look at the price, not considering that the price is only quoted at tiny volumes, and buy until the price is reached where the algo is quoting for a significant amount of volume.

It's market manipulation, but it's fine by me as long as they don't slam it later on.