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by btcd 2439 days ago
This is not true. I used to be a professional market maker in Bitcoin. This year, Bitcoin market is relatively calm in at least half of the time, meaning 12 hours out of a 24-hour day, longer than most established equity market. Under these normal conditions, trading $1m worth of Bitcoin moves the market by less than 0.01%.
1 comments

Citation needed. Checking the bitfinex order book: https://www.bitfinex.com/order_book

A trade of $10M, or 1250 bitcoins, would move the market by 6%

Maybe pick an exchange that isn't #60 based on transaction volume?

https://coinmarketcap.com/rankings/exchanges/