RE: Bitfinex MAJOR BUG CAUGHT LIVE

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Bitfinex MAJOR BUG CAUGHT LIVE

in bitcoin •  7 years ago 

We all have some weird experiences in Finex. However, when they have to proceed to a liquidation, they place a limit order, not a market one, Aren't they some unfilled, orphans in the midst of this?

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Simple answer is no! when the price moves buy's and sell's move to that level so lower prices should drop out of the book. unfilled trades don't show.

Depends, sometime the price moves fast enough &some transactions are stuck. but you're probably right

I wouldn't say stuck, just not filled or taken. Either way, these orders disappear as the price moves, and can re-appear when the price gets close to that level again.