I often notice someone having both a buy and sell order open of 260 coins. Always the top order respectively.
I asume this is some sort of automated trading but what would be the point of buying and selling simultanously?
Market making
bots arb across exchanges
If not simultaneously is a classic game of manipulation: buyers and sellers are the same people
It must be to create artificial liquidity so that people will think the coin is having high liquidity. I don't know the real reason. This is my doubt.
If the time is not simultaneously it’s just to dump price
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