I don't know... since yesterday I've witnessed sellers cashing out slowly.
Every time there's enough bids (~ 30 btc) upward of a round number... *sell*.
Also: BTC prices don't care about walls.
This dosen't quite make sense to me... I dont know what you mean by the 30 btc comment. Any of the large sells could have been executed at any time, there is 40k+ depth to 100, in past 24 hours we've seen about 10,000 btcs worth of market sells, compared with about 2k market orders or so... though limit orders have been building nicely. I realize individual walls don't mean much as they can get pulled in a second, but the arb trader in me basically only cares about depth.. price is irrelevant (well maybe not irrelevant
) and the fact the walls are not being pulled means this is organic btc demand, not day trading bulls hoping to manipulate with ghost walls
