Wallzilla being chewed ATM, seems legit
Crazy whales buying +$500k in coins at $108 when they could buy below $100? What's up with them? What are they smoking?
Crazy whales buying +$500k in coins at $108 when they could buy below $100? What's up with them? What are they smoking?
They didn't know it was going to go up to $108, and they want Bitcoins. Hindsight is always 20/20..
But... But... look at the depth... If he pulls that $500k wall the price will slide down till at least $105, probably till $102... Buying $2, $3 or $4 cheaper it's always better, with that volume we are speaking about 100BTC more... Enough to be a supernode!!

The greater good. Showing people that this is a good buy in point by staking his own capital. This is market confidence.
It's called bait and switch.
I think it's just bait. He might very well be buying his own wall for all we know... a good show of "support".
This is my feeling too. Anyhow, I'm so used to "fake" walls that get immediately pulled as soon as the price get close to them that it kinda puzzles me to see a wall like that being chewed in this kind of slow and bearish market. And that wall was really chewed, not a lot because the volume is low, but it was chewed indeed and it didn't moved a single inch.
Boh... Will see... I'm not buying, that's for sure.