BTC could not have crashed to 150 with that low of volume, plain and simple.
https://bitcoinwisdom.com/markets/btce/btcusdThere was a spike in volume during the crash, but not nearly enough to push the market to that level.
On July 11th on the spike up, the volume was double the volume during the crash, and the market only moved from a low of 265 to 298.
There is no fucking way 1/2 the volume of that move moved the market from 280 to 150! NO FUCKING WAY!
Either there was a glitch, or collusion, clearing open orders for a insider to execute a leveraged sell off, then re-buy back at a deep discount.
Whatever really happened we need to get the truth.
Some here have reported cancelled open orders they did not cancel. That's exactly what would happen if there was collusion to open the way for an insider to crash the market.
I hope some insiders in BTC-E blow the whistle. If there is collusion going on the community needs to know about it.