Is fiatleak only counting the buy orders? Or the net change in realtime?
Because if it counts only buy orders then it sucks, because the same amount of sell orders happen too (thats why the price doesnt change), so its very misleading.
I've posted this before and got told once that that website is not very accurate and was somewhat "rigged". Could someone explain exactly why fiatleak.com is not legitimate? i've tried to find a good explanation for this but I can't find anything convincing, it seems pretty legit to me, its just taking data from the exchanges right?
I didnt said that its not legitimate, i said it's misleading.
Becuase it only counts BUY orders, but not SELL orders.
If one guy buy 1 BTC, but then sells it at other price, then the net change is +0 BTC, but this site shows it as +1.
If the BTC buy orders would grow by that much, then the price would move up too. The only reason why BTC price is not growing is because the same amount gets bid up than asked down.