JorgeStolfi
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June 01, 2014, 08:12:06 AM

I do wish I knew why people still have funds there and why their behaviour has recently changed.
Another totally speculative theory (was it @walsoraj's?) is that Huobi's bank account that currently allows withdrawals is about to be closed with little or no advance warning.  Then common folk who find their yuan trapped there will have to buy bitcoins from other Huobi clients and move them to another exchange that still allows yuan withdrawals.  That should drive the price up at Huobi a lot, since only privileged Huobi traders with alternative withdrawal channels  would want to sell coins. The current rally would then be those privileged Huobi traders acting on inside info, namely buying coins now in expectation of selling them at even higher prices at Huobi.  (Arbitrage should stop then, so the price may not rise on other exchanges.)