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 .
Long not decreasing != margin calls cascade. Longs closing and being margin called are likely being bought up by more people using margin hence why it doesnt seem to move. I doubt the $30mil from two weeks ago close to 300 are the same people now.