This looks a lot like a pump and dump.
told ya...
...
I can't keep staring at charts for several weeks goddamn it!!
Could be a bad one over the weekend, looks like this has steadied out though. Wondering about BTCChina, there seem to be a lot of back and forth trades doing nothing but create volume, maybe just invisible walls there :/ That exchange is strange that way, it's nearly empty yet it stays more stable than the USD exchanges.
Seems no one want to sell in BTCChina, and there're only less than 2274B in the ask side, but the daily volume is 66693B. Really interesting.
Edit: back to 2623B in ask now.