This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Only ~700 coins back up to $620, it could rebound fast.
Edit: 567 now
Exactly, the amount of money on exchanges based on the amount of BTC being sold today, at the moment can flash us back much higher in an instant. No way to get that much coins back for the dumpers either..
This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Probably had their bids preplanned and placed already awaiting others to panic and sell into them.
Or they actually sold. You know, without the anticipation to buy lower?
Who'd want to sell at this stage without buying back in? I mean, with all the good plans/news regarding BTC for the next year?
I can't imagine, how would the market react this very instant, if some guy bought around 10k BTC at this moment?
