Mt. Gox Bitcoin Price Volatility is up to 50% Higher Than Rival Exchanges
Last week we looked at price fragmentation across the different exchanges which currently comprise the CoinDesk Bitcoin Price Index: Mt. Gox, Bitstamp, and BTC-e. Analysis confirmed the common perception that significant, persistent price variations exist across exchanges. Furthermore, the average price on Mt. Gox was shown to be higher than Bitstamp and BTC-e by $21 and $34 respectively. This phenomenon has been referred to as the 'Mt. Gox Premium', which posits that restrictions on US dollar withdrawals have led to bitcoins trading at a higher price on Mt. Gox than the other exchanges.....
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On-chain data shows both the Bitcoin taker buy and taker sell volumes registered large spikes over the past day as the price goes through volatility. Bitcoin Taker Buy And Taker Sell Volumes Have Surged Up To High Values As pointed out by an analyst in a CryptoQuant post, both the BTC taker buy and taker sell volumes hit more than $1.8 billion yesterday. The “taker buy/sell volume” is an indicator that measures the Bitcoin long and short volumes on derivatives exchanges. The metric distinguishes between these two volumes based on whether the transaction occurs at the ask price....