The following features can be observed in this data:
1. At the same time (13:05:57), consecutive trades of the same price (9.870 USD) and the same quantity (10 shares)
• Repeated trades are being conducted under the same conditions in a very short period of time.
2. Volume is small-scale and occurs continuously.
• Each trade is in increments of 10 shares and in small lots, ensuring that the trading volume is evenly maintained.
Based on these characteristics, there is a high possibility that this trading is part of **wash trading** or price manipulation using automated tools. The following reasons could be considered:
Details of the suspicious points
1. Possibility of price manipulation
• There is a possibility of intention to induce other investors by creating the appearance of active trading in the market by continuously generating trades in the same price range.
• Suspected of maintaining or manipulating prices at a specific level, distorting market demand and supply.
2. False liquidity
• There may be a purpose to create the appearance of increased liquidity by generating a large number of small trades, in order to provide a sense of security to other investors.
3. Coincides with the characteristics of market manipulation (wash trading).
• Self-trading is a transaction where the ownership between shareholders does not actually change, but it is considered as an act to increase the number of trades and artificially stimulate trading activity.
Response and Points to Note
• **Check the details of the Order Book**: In cases where price manipulation is being carried out, unnatural movements such as large cancelations of Limit Orders may be observed.
• Cautious investment decisions.If you come across such data, there is a high possibility of being impacted by short-term market manipulation, so calm judgment is necessary.
This situation clearly indicates abnormal trading patterns, and it is highly speculated that there is a very high possibility of price manipulation.