Data from multiple major exchanges revealed abnormal price fluctuations in BTC and ETH today, with movements ranging from 1% to 5% in a short period between 00:05 and 00:17. This unusual activity is speculated to be linked to irregular grid-trading by market makers, a practice that involves automated strategies to maintain liquidity but has recently been associated with swift and unexplained market swings. Discussions in crypto communities on social media underline the growing recognition of such strategies’ impact, prompting major platforms to enhance oversight to detect and address potential manipulations during volatile trading periods.
Unusual price fluctuations in Bitcoin and Ether suggest possible grid-trading activity
