It's the Bitstamp whale. he's got a bot that's been filling up the order book with £3.26 - $126 bids from 117-124 for last few days. made a few coins off him. he's got 100k easy in the market. most above 120 hence the stop at 120. it was 119.96 and he's creeping it up.

Bitstamp is not looking good. I've been messing about the last few days since it's been hot, in the garden with a laptop. the only movement is that guy buying and selling and trying to keep the market up so he can rinse his cash higher up. The ask wall is monumental..

EDIT - quoted the wrong post.. bit drunk.. too many garden beers..

he's moved it up from 119.95 - 120.60 now  

It's there to instil confidence in the market. People will buy above it, like they are doing now... or were. we'll be down to ~100 by tonight

116k mother of bid walls on Bitrstamp @ 84

Things are starting to get interesting