more interesting is the coinbase lack of coins - this possibly tells us the miners who they buy from are now close to or below cost of production and are no longer selling OTC, forcing coinbase back to exchange and needing to move fiat back to bitstamp or others. This is more indicative of a floor than any large wall on stamp.
Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.
It's probably just that a lot of people waiting to buy saw a price they liked and bought a large amount of coins. I just doubled my total bitcoin holdings despite previously not having any plans to do so because I thought $300 would likely be a bottom. Of course I ended up paying more like $310 with all of coinbase's stupid fees but nonetheless. Don't expect a stellar rise though - once the price rises enough the miners will be back to dump their coins.
