Bitfinex has $9m on loan, which is 12.5K BTC @ $700.
12.5K BTC takes us down to $550 on gox.
12.5K BTC takes us down to $550 on gox.
Now we know the reason for this mad rally from stamp. All will close their trade at some point. But look at stamp depth..a joke really.
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BFX Volume 24Hrs
36649.36 BTC (18324.68 BTC [50.0%] of which traded on Bitstamp)
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About 24 hours ago it was 7 million on loan
The Chinese are possibly moving to bitfinex.........
http://www.reddit.com/r/BitcoinMarkets/comments/1t9h2r/are_our_funds_safe_on_bitfinex_it_is_a_hong_kong/ce5uwb8