iirc theres ~13000BTC BID @ ~22
Yes, massive order @ 22. The cynic inside me thinks that the fact it isn't a dark pool means its' deliberately there to prop up the price.
do you mean prop down the price? how does this work exactly?
well, just put a big-ass buy order in the market, low enough that it won't get hit, but big enough that it will "support" the market.
this works usually like so: people think that with that bigass order @22, the BTC will NEVAR EVAR go below that price since noone would be selling THAT MANY BTCs at ONCE, and start putting their buy orders at 22.1, then 22.2 etc etc to "catch the low point".
in case it DOES go to 22, they think they can quickly dump their BTCs @22 to the bigass buyer. so the risk is like 1% (they THINK).
so while the manipulator never needs to buy @22, he can easily sell at 25 or so.
