"Only" 12K ask wall? Used to be 20K. What happened to the finex whale?
He most likely hoped that the wall will attract some determined sellers able to fill his bids. However, it seems that there are no sellers with real coin ready to sell at this price point. So he figured 20K wall looks just to scary and removed half of it to give bears a fair chance at dropping the price. It would be interesting to see if the bears still control enough coins to fill even decreased volume of bids (or are willing to borrow the same). If not, all the "$200 by tomorrow!" bear battle cries amount to nothing but posturing.