Someone's buying from 9.5 to 10. Sold at 15, and buy back in between 9.5 to 10. I say, pirate is in for some profit (minus the interest payouts)... Maybe not a big one, but he surely is in for the lulz.
He did not sell at $15 because there wasn't nearly the depth for that.
Or more specifically he didn't sell a lot at $15.00. Even if we assume he was the only one selling last Friday. Only ~10K BTC changed hands above $14.00. About double that above $13.00. Hell even if you down to $11 only about 50K BTC changed hands.
it makes no sense, why wouldn't he of let the price go higher and higher, slowly selling off all the coins?
my guess is he was doing that from 9 to 15, at 15 he had to do Something to cause panic, so he dumped
now hes keeping the price below 10$ in the hopes that once he sold off most of the coins, the market naturally will go down.
hes going to sell all the coins, causing a bearish market for a few weeks, which could cause some panic selling too..
but his target of 7.50 is unreasonable and will never be reached.
no way in hell will the ask depth be their when he wants to buy back.
he ends up with $ profits not BTC
500,000$ < 50,000BTC, even if the price is 8$
Anyone can see charts and volume. Whoever was selling large amounts on that big dump at best got 12$ average. There is no way all the coins can be bought back below that. Once the market senses the blood it will not let wounded player off the hook.
Huge tankers can not ride circles around small tug boats, it is just how it works. Huge players cannot sell big on open market and then buy big and stay in profit. They can only push profitably in one direction and move slow and steady.
That charts shows an irrational player panicking.
+21,000,000
