Quote from: pooya87 on Today at 05:29:36 AM

That is not how exchanges and order books work.

If price currently is for example $100k, you can place a sell order at a higher price like $500k and it will remain an open unfilled order; but you cannot place a buy order at that price. If you try, the exchange will execute your order at the current market price which in our example was $100k which means the only thing your experiment can show is an interest to "sell" bitcoin at $500 and an interest to "buy" bitcoin at $100k.

Such moves, specially at such miniscule volumes have absolutely no effects on the price and the market dynamics.

Thank you for your feedback. You are correct that a buy order at a higher price typically executes at the best available market price under normal circumstances. However, this experiment specifically uses Post Only Limit Orders, which are designed not to execute immediately but to sit in the order book as liquidity at the specified price.

The science behind this experiment is that it theoretically takes just two matched pairs of Post Only Limit Orders—one sequential buy and one sell—to reset the visible price in the order book to a new level, such as $500K. While we are currently starting small to test the mechanics, the goal is to explore whether this approach could indeed influence the perceived price by tilting the order books in favor of a new reference point.

This experiment is not about trading volume but about observing how strategic order placement can impact market dynamics and the theoretical price-setting mechanisms of BTC’s order books.