I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.
the one with 20 mil in USD swaps?
14,000 more bitcoin were market sold than market bought so far today on Bitfinex alone. Where do all this coins come from?
maybe you should ask that houbi guy who was flashing with 10k buy wall.