If we didn't have pip traders, order books would be incredibly illiquid and you'd have significant manipulation like there was in the early 1900s. They fill up order books with liquidity, reducing the ability for manipulation to occur. The fact pip traders exist means there's always units available to trade with, so buyers and sellers can make orders without incurring significant market impact cost. Pip traders will never "cap prices" if things are bullish enough to warrant a large price increase, and they don't push prices down either (they wouldn't be profitable if they did). Prices are falling because of the current negative macro environment and a lack of significant newsflow
Hate them all you like but they make markets better through proving the bulk of the liquidity.
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$1.68 |
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Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
$1.68 | $1.68 | $1.61 | $177.8K | 108.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1100 | $1.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.68 | 4999 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 31221 | 1.625 |
1 | 5000 | 1.620 |
1 | 30000 | 1.615 |
2 | 16249 | 1.610 |
4 | 26875 | 1.600 |
Price($) | Vol. | No. |
---|---|---|
1.680 | 4999 | 1 |
1.720 | 17729 | 2 |
1.730 | 25792 | 1 |
1.750 | 508 | 1 |
1.780 | 4483 | 1 |
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