Cryptanalysis Analyst: OPNX's price and volume fluctuations are abnormal, which may indicate "wash trading."

2023-06-22 15:47:46

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ChainCatcher news, crypto analyst Loris posted on social media that by analyzing the daily trading volume data of BTC perpetual contracts on the crypto claims and trading platform OPNX, and comparing it with leading trading platforms, it was found that OPNX may have "wash trading."

Loris pointed out that the normal volume and price data displayed by leading trading platforms have characteristics such as consistent fluctuations in volume and price, and a stable baseline. In contrast, the volume and price data of OPNX show that the price fluctuations corresponding to the enlarged volume range are minimal, while the price fluctuations in the reduced volume range are quite large. Furthermore, OPNX's daily trading volume has a distinct pattern relative to price fluctuations, leading to the conclusion that OPNX may have "wash trading." (source link)

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OPNX total trading volume

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