Just 2000 coins before we go below 230
8600 coins before sub 200.
One click of the mouse, and king bearwhale can throw bitcoin into oblivion.
8600 coins before sub 200.
One click of the mouse, and king bearwhale can throw bitcoin into oblivion.
There is efficient arbitrage, so you cannot consider just one exchange; you should merge the order books of all exchanges, including the Chinese ones.
And, moreover, a large drop or rise will bring in money or bitcoins that traders are keeping off-exchange for safety.
On the other hand, a sudden large move may scare traders into lowering their bids or raising their asks.
Conclusion, you cannot conclude anything...
