Here's a fun hypothetical question. An attempt to put bookoo bucks into the 5m BTC Up/Down...what happens?
So for those of you familiar with the 5 minute BTC Up/Down market, you know that often times that particular market doesn't generate a lot of volume during the small 5 minute cycle. It usually tends to range between $30K-$55K.
So it got me wondering...what would happen if some mega whale tried to bet with a bookoo amount of bucks, say...$100K into the 5 min market, knowing he's gonna swallow up all the volume and liquidity?
For example....Let's say the whale goes in with $100K on a 5min BTC cycle that only has $40K liquidity. He sees there's only 1 share left at $0.99. The timer is at 20 seconds and is about to resolve, so he goes in for the kill, hoping to get the $0.99 share, and that the market doesn't flip. What happens to his buy order?
Will...
A)It get filled with no issues and he wins the full share?
B)Polymarket's webpage reject his order outright due to slippage?
C)He gets in, but he won't get the full $0.99 share. Because of slippage, his strike price will "slip" to $0.99.99, giving him only $0.001 per dollar profit?
Would love to hear your thoughts on this scenario.