Tzupy
Legendary
*
Offline Offline

Activity: 1750
Merit: 1052



View Profile Personal Message (Offline)

Ignore
May 15, 2014, 07:55:53 PM

More fiat on the bid side, yes, but not a lot more.
Combined Bitstamp, BTC-E and Bitfinex have about 20M$. MtGox is dead and can't provide support.
The only thing keeping the price from dropping hard is limited seller pressure, compared with June 2013.
And back then Gox was still the leading exchange and had about 15M$ on the bids.
If there will be a serious Chinese fallout, not FUD and bad news, but coins coming from China en masse, bulls will become corned beef.