Look at all the little baby profit takers selling right before the $350 wall.
A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol
A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol
I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.
The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.
Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)
Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.
Wrong. That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally. It was completely engineered. It was probably their own btc sell wall.
You are delusional. It was a real sell. Get out of lala land.
A big whale can sell to themselves if they are the only one(s) on the exchange. Show me the Average Joe buyers.
