Cconvert2G36
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile Personal Message (Offline)

Ignore
April 22, 2015, 03:17:46 AM

Interesting how a ~2 million $ finex buying spree happens right when bulls needed it. Dead volume, looking dumpy. The speed in which it happened points to a single or small group of traders.

They may have been targeting the okcoin futures market, trying to use the liquidation of a massive/levered short for extra fuel. This didn't quite happen the way it was supposed to, complicated by other traders and the short himself. It still was a pretty shrewd move. Skewing sentiment in their favor when GBTC news could add some fuel to the fire.