Can someone please help me understand what's going on in this order book? This is a screenshot of the XRP/USDT order book from Poloniex today. I have often noticed that there is a sell order and a buy order of almost the same size (usually quite large) and I think it is the same person doing it (either manually or using a bot)
[ig]https://images2.imgbox.com/43/6b/AB0xvRnA_o.png[/img]
[ig]https://images2.imgbox.com/43/6b/AB0xvRnA_o.png[/img]
ya its just a bot man, nothing special
see this alot actuallyThey work in exact #'s, so when they are doing "ping pong" trading they are creating liquidity sometimes themselves to bounce orders
i have done it myself, notthing special, it works most the time, small gains, few % over a day sometimes if your lucky and a few others are doing the same thing