During the 2022 Super Bowl, the trading site Crypto.com Ethereum and Tether, occurred at oddly regular intervals.
In the ordinary course of things, trading in crypto—or other assets—takes place in a series of spikes and troughs that coincide with price movements. A jump or fall in the price of, say, Bitcoin will lead to a flurry of activity by traders and bots that then subsides when the price stabilizes. Unusually, the TradingView slides show trades at Crypto.com taking place at a fairly steady pace—even while, at other exchanges over the same period of time, the pattern reflected the customary bursts and ebbs.
