CoinDesk analysis identifies suspicious, recurring trade sizes accounting for over 50% of perpetual volume in Bitcoin and Ether, raising concerns regarding potential wash trading and market manipulation.
Recurring $2,500 and $5,000 trade sizes made up 54% of sampled bitcoin-perpetual volume, suggesting possible wash trading or manipulative activity.
One $5,499 trade size accounted for 57% of sampled ether-perpetual volume, indicating an unusually repetitive and potentially artificial trading pattern.
Recent analysis of perpetual futures markets reveals highly repetitive trade sizes dominating volume for major cryptocurrencies. Data suggests that artificial activity may be inflating liquidity metrics for both Bitcoin and Ether.
The high concentration of identical, recurring trade sizes suggests that trading volume may be artificially inflated through wash trading or automated manipulative activity rather than organic market demand.