Trading Concentrated in a Few Accounts
Few-account concentration · Specific-account concentration · CONCENTRATION_OF_SMALL_ACCOUNTS · SPECIFIC_ACCOUNT_HIGH_TRANSACTION · 소수 계정 거래 집중 · 특정 계정 거래 집중
A caution flag Upbit and Bithumb put on a coin when a few accounts make up a large part of its trading.
Simple explanation
An exchange knows who placed every order, so it can see whether a handful of accounts drives a coin's trading. Ordinary investors cannot see this. When trading piles up in a few accounts, the exchange flags the coin to let users know.
Upbit splits its caution flag by reason. The reasons in its public API are sharp price swings, soaring volume, soaring deposits, a gap with global prices and trading concentrated in a few accounts. Bithumb issues similar alerts - sudden volume change, sudden change in deposits, sudden price change, a large price gap, trading concentrated in specific accounts and trading concentrated on the exchange - in three steps: caution, warning and danger. A flag is lifted after its period or when things calm down.
The flag matters because a few accounts making most of the trading can move the price a lot if they want to. Trading back and forth among a few accounts to inflate volume, or pushing the price up and selling everything at once, are common in manipulation, so the exchange warns users early. There are ordinary cases too, such as one or two large holders who have collected a coin for a long time, but be more careful when other signals appear with it.
A caution flag is not the same as an investment warning (delisting review). A caution flag tells you about short-term trading; an investment warning means the exchange is reviewing whether to keep listing the coin. Trading continues under a caution flag, though some exchanges show an extra confirmation when you place an order.
CoinGaja's unusual coin signals page gathers these Upbit and Bithumb flags every 5 minutes as the "exchange alert" signal. It also reads every trade on the four Korean exchanges through its whale radar and turns on "big orders" when orders of 5 million won or more at once (about $3,600) make up 60% or more of a coin's trading. It cannot see accounts as an exchange can, but it shows a similar picture from how much of the trading comes from big orders. This entry is general information, not investment advice.
Example
Coin C carries Upbit's "caution: trading concentrated in a few accounts" and Bithumb's "warning step: trading concentrated in specific accounts"
At the same time CoinGaja's big orders: ₩3.1B of its ₩3.8B Korean 24-hour value came from orders of ₩5M or more → 82%
With both showing, a few large traders are likely moving the price → check the exchange's notices and the chart first
※ Example numbers, for illustration only
See it on CoinGaja
Related terms
Comments · ask anything about this term
Comments
No comments yet.