It is impossible for anyone to sit removed from the deed and say for sure what is going on.
When this sudden volume spike started on BTC China. Bitcoin was 4890 CNY. It is now 4830 CNY. This is clearly bot trading and clearly bot trading algorithms are being triggered. Yes, it is currently trending into a pennant, but the higher that a price can be maintained whilst some whale dumps, the better it is for the whale.
Perhaps I just have a suspicious mind, but the fact that this is going on at 2am Beijing time, suggests to me that something very underhand is going on and whoever is perpetrating the act doesn't want the operators of the other trading bots to be able to react to these events.
Edit: The pennant is narrowing all the time. If it breaks rapidly down, that will be a sure signal of what is being done.
Topic: FIATLEAK.COM - page 2. (Read 2634 times)
Holy shit just noticed myself, over 12k btc this hour.. suddenly back from the dead.
At 2am whilst everyone sleeps.
Notice it is not a 'dump' as such, but how buy ins are being rapidly triggered, followed by yet more selling, whilst the price trends down.
Someone is dumping all their BTC at max possible price.
Perhaps, but it might be Maker-Taker + deposits enabled.
Holy shit just noticed myself, over 12k btc this hour.. suddenly back from the dead.
At 2am whilst everyone sleeps.
Notice it is not a 'dump' as such, but how buy ins are being rapidly triggered, followed by yet more selling, whilst the price trends down.
Someone is dumping all their BTC at max possible price.
Yeah, but look at the 1m chart. Price is not actually trending down, is it?
My theories:
1. Fake volume created by bots using large trades (to avoid fees) to show higher level of activity.
2. Some type of test of the trading system.
3 An attack on BTC China to somehow discredit them. That much CNY going into into a corporate bank account is going to raise some red flags.
4. Some large whale on BTC China just wants out.
Lol! They're buying bitcoins then dump it at other exchange 
I will state again. It is 2am in China right now.
But on BTC CHINA. There is suddenly insane volume going on.
Some big boys are staying up especially late for this party. In view of the Chinese government's attitude on Bitcoin, is this party likely to to work in Bitcoins favour or against it?
Huobi, is as quiet as it always is at this time of night.
I would say that there is a fucking robbery going on on BTC China. Someone is dumping max BTC for max CNY whilst China sleeps.
Holy shit just noticed myself, over 12k btc this hour.. suddenly back from the dead.
At 2am whilst everyone sleeps.
Notice it is not a 'dump' as such, but how buy ins are being rapidly triggered, followed by yet more selling, whilst the price trends down.
Someone is dumping all their BTC at max possible price.
Holy shit just noticed myself, over 12k btc this hour.. suddenly back from the dead.
Lol! They're buying bitcoins then dump it at other exchange
I will state again. It is 2am in China right now.
But on BTC CHINA. There is suddenly insane volume going on.
Some big boys are staying up especially late for this party. In view of the Chinese government's attitude on Bitcoin, is this party likely to to work in Bitcoins favour or against it?
Huobi, is as quiet as it always is at this time of night.
I would say that there is a fucking robbery going on on BTC China. Someone is dumping max BTC for max CNY whilst China sleeps.
Lol! They're buying bitcoins then dump it at other exchange
Buy volume a day before jan 31st in china means good things to me
The banks are closed in China as of now.
The 'Deposit Funds' thing that appeared on BTC China cannot possibly be used to get money onto the exchange anytime before 8th Feb.
Their has been a sudden volume spike on BTC China, and the direction is down. Sharply down. There is a huge Ask wall advancing on a retreating bid wall.
Now, this may be the sort of bear trap that might be typically laid out on the USD exchanged, but given the current political climate in China regarding Bitcoin, I wouldn't be placing my bets on this.
It is also 1.30 am in Beijing right now. Traditionally a very quite time on the Chinese exchanges, so, wtf is going on here?
wow
http://fiatleak.com/
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
Are you talking about the sudden volume increase on BTC China?
Have you seen the chart and volume momentum there?
If I could, I would be shorting all I could right now on that exchange.
volume isn't necessarily a good thing for Bitcoin price.
Buy volume a day before jan 31st in china means good things to me
http://fiatleak.com/
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
Are you talking about the sudden volume increase on BTC China?
Have you seen the chart and volume momentum there?
If I could, I would be shorting all I could right now on that exchange.
volume isn't necessarily a good thing for Bitcoin price.
http://fiatleak.com/
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
Oh good, someone watching fiat leak as if it really means something.
http://fiatleak.com/
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
China is eating up ALL OF THE BTC. Where are the bears now? Hibernating?!?
Don't miss the train. Were officially leaving the station Q1 2014!!!
Watched them buy 1000 btc in 5 minutes? lol... meanwhile USA buys 5 BTC. wooooo
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