Can I get to know how many orders are placed at a particular price (bid or ask) on an exchange (like Mt.Gox, Bitstamp etc.)? There might be a wall of 1000 BTCs - do I know if this is a single order or 100 smaller orders? I am asking because this has to do something with a stability of an order book... a single big order can be removed quickly and destabilize the market in my opinion.
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Why would you care?– Nate EldredgeNov 6, 2013 at 18:13
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Because of security - a single big order can be removed quickly and destabilize the market...– KozuchNov 7, 2013 at 7:05
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2 Answers
You simply don't know via any existing APIs that I'm aware of. Potentially you could regularly update a market depth API watching for large changes at a price point which would indicate a large order.
However you can't tell whether someone has broken up a large order into a number of smaller orders, and using a bot it's trivial to cancel a large number of orders very quickly.
Google Market Depth, and you'll find plenty of them:
I personally use http://bitcoin.clarkmoody.com/ for MtGox.
