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What are the strange price fluctuations on the Kanga stock exchange
Question for experts in the world of cryptocurrencies. Kanga Exchange - below are two example charts. The first one is BTC-oPLN, the second is BNB-oPLN. On the charts, I marked candles with exceptionally long lower shadows that caught my attention. First chart: BTC-oPLN, if we believe what the chart shows, on 01.05.2024 you could buy 1 BTC for about 130,000 oPLN at the bottom spike, only to sell it for 230,000 oPLN later that same day. Is this some kind of trick, or did transactions really take place at a rate of, for example, 130,000 oPLN? If they did, then why? Was there such low liquidity on the main cryptocurrency (unbelievable!)? Did someone set their stop loss too low? Similar with the second chart BNB-oPLN on 16.05.2024, there is a downward spike where you could buy 1 BNB for 1600 oPLN and the rate immediately returned to 2300 oPLN. Is it possible to check what transactions took place, what turnover there was at these strangely low, temporary valuations? Do such momentary valuation jumps also appear on other exchanges?
Question for experts in the world of cryptocurrencies. Kanga Exchange - below are two example charts. The first one is BTC-oPLN, the second is BNB-oPLN. On the charts, I marked candles with exceptionally long lower shadows that caught my attention. First chart: BTC-oPLN, if we believe what the chart shows, on 01.05.2024 you could buy 1 BTC for about 130,000 oPLN at the bottom spike, only to sell it for 230,000 oPLN later that same day. Is this some kind of trick, or did transactions really take place at a rate of, for example, 130,000 oPLN? If they did, then why? Was there such low liquidity on the main cryptocurrency (unbelievable!)? Did someone set their stop loss too low? Similar with the second chart BNB-oPLN on 16.05.2024, there is a downward spike where you could buy 1 BNB for 1600 oPLN and the rate immediately returned to 2300 oPLN. Is it possible to check what transactions took place, what turnover there was at these strangely low, temporary valuations? Do such momentary valuation jumps also appear on other exchanges?
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