Wait, that is still providing liquidity. Its just doing it at a different price, which is the rational thing to do in the face of a multi-level clear.
Why wouldn't the sudden appearance of a big buyer that wanted more liquidity at near levels than is available indicate the price should go up? That's supply and demand. Am I missing something about your argument?
Why wouldn't the sudden appearance of a big buyer that wanted more liquidity at near levels than is available indicate the price should go up? That's supply and demand. Am I missing something about your argument?