Big players are also not generally interested in seeing the value of their holdings evaporate on the whim of lots of small fish day traders. A forty thousand bid wall flicked in and out existence in the low 4xx's last week suggesting serious buying power despite what TA may say.
I've investigated this claim recently (after reading about it on r/bitcoinmarkets) with people who have complete logs of all past orders set on Bitstamp and no trace of this was found. Where did you see this? My guess is it's a bug with the displaying website like I sometimes had happen to me on bitcoinity or clarkmoody.Yeah, I've never seen this "40k wall" either. Sounds like nonsense.
Blitz: it was widely discussed on bitcoinmarkets..I can't give you absolute proof (never saw it myself).
Derp: You not seeing it means nothing. Just like your perpetual bearish opinion.
