bear trap?

i agree stochastic on 1h chart dipped way down for the first time in a while

There was a larger spike in bitcoin volume on October 25.   We were at about $190 at the time.   So, a more logical(in that there is "precedent"), but equally unrealistic interpretation is that a spike volume precedes a spike in value.   See you can make anything mean anything if you don't think about it for very long.   Don't worry about a large number of coins moving.   The only case in which it would make sense to market sell that many coins is if bitcoin was completely dead, and you could quickly get something before all the bids were pulled.   Large holders are not stupid.   Even in a bear market, they would feed them slowly to maximize profit.

tl;dr - nothing to see here, move along

Was that just the "crash"? Where are my cheap coins I want to double up!

Those people are going to be pissed when there's no weekend crash.

LOL.  Yes, this hasn't exactly been a zero sum game. 

If MtGox was still the one and only exchange that really mattered I think we'd have tanked hard already. But now there are multiple big exchanges that can keep each other in check. A sell off on one exchange can for instance be tempered or stopped by another big exchange that seems more confident with the price. We saw that just now with BTCCHina that was not very much impressed by the sell off on Bitstamp and Gox. They started buying the coins back up to $440-450 after only a small dip while both Stamp and Gox were still sitting almost on the verge of panic ready to start another large selling wave. But the Chinese stepped in and slapped both exchanges around a bit telling them to get a grip on themselves and now the people on Stamp and Gox are all buying happily again.

And they are gone again... So sad.

Damn the price is stuck under 450. Cmon break and go to 500

Yes... I just want to see that number for some reason.