Ma, Donglian; Tanizaki, Hisashi - In: Financial innovation : FIN 8 (2022), pp. 1-25
In this study, an investigation is conducted into the phenomenon of price clustering in Bitcoin (BTC) denominated in … the Japanese yen (JPY). It answers two questions using tick-by-tick data. The first is whether price clustering exists in … BTC/JPY transactions, and the other is how the scale of price clustering varies throughout a trading day. With the …