Lol,
that is some shady manipulation on cryptobridge.. huge sell order sitting at 590 Sat with volume over 200 BTC.. It cannot get filled on that small market.. Only guessing who can be behind it! That is around 4.4% of total mined supply right now on the market! There can be at maximum 22 people on the whole world who owns this amount of supply and now want to crush the price.. Not good.. Hope it gets eaten during the time, but if not, prepare for decline for next few weeks.. Or he might remove that wall anytime and then place it again :/ whale..
But, most likely, we see fake wall. The schedule is unnatural and created explicitly for the purpose of psychological manipulation. The red wave is too much green in size. Such waves appear when a negative event is outlined, in connection with which users begin to massively sell a coin. For example, as in the case of Biteconnect bankrupt tokens, which fell in price by 80%.
In our case, the major players have placed false orders, which are unlikely to be fully executed. Unprofessional traders in a panic will hurry to get rid of the coin, thereby involuntarily knocking the price down to a level that whales find acceptable for purchase. Then the price will grow again and attract new hamsters. And so on ad infinitum.
How do you define "fake wall"
For sure seller(s) have to own 37 mil RVN, and they are willing to use it for manipulating the price.. I think this message is clear and now it depends how market reacts.
I am hodling mine and not selling it for at least year or two, so I dont really care for this shady tactics, but it is sad to see that some probably early adopters are already trying to kick down price even on such a small exchange and market.