Tether doesn’t keep a tight spread, that’s what I’m saying. What’s going on is that people are using BTC/USDT and ETH/USDT on polo to arbitrage ETH/BTC on polo using bitfinex BTC/USD and bitfinex USD/USDT. Bitfinex USD/USDT has basically no spread, but that is the only place they actually keep the peg. They can do it on bitfinex because they are under the same corporate umbrella as Bitfinex.
Change highlights:
Seeing a sellers market on Poloniex, just sold 3 BTC and funds are in frontline with even a wide spread. Bittrex received funding on sell side. 1000 NBT on order. No sells yet.
There is an issue on Bittrex cancelling an order which happened after I restarted the bots. Therefore the bot cannot replace a new order temporarily leaving us with virtually no liquidity on Bittrex. The Poloniex bot is fine.
I’ve submitted a ticket to Bittrex for assistance. As soon as they cancel the order the bot should automatically place the order.
Status update 18-Mar: This issue hasn’t been resolved yet. I only had a reply from Bittrex that they would have someone looking into it. The DNS issues with the LiquidBits server haven’t been resolved yet. Will try to do some DNS configurations as my provider is suggesting. When that doesn’t work I will migrate the server to another location or provider over the weekend.