It's bizarre how there's no bounce at all. Hit like a sack of seed.
Because people are expecting 245-255$ as a bottom, but i would rather be concerned about 30.300.000$ of longs which havent decreased at all which means that we might see a cascade margin calls pretty soon if btc falls below 250$. Something really fishy is going on. Btw finex started this quick dump, not goxobi/okgox as they usually do it .
As already established half the long position wasn't liquidated at 160. We are still at 260.
Also the long position is likely to be be comprised of one or many early adopters / investors / miners stash of coins used as collateral. Whilst the position is very assymetric it always has been.