That pump was engineered without a penny being put into Bitcoin.

See my 'Painting the Tape' thread: https://bitcointalk.org/index.php?topic=1317888.msg13471784#msg13471784

On the back of 'fundemantal news' regarding the Chinese 7% Stock slide and subsequent 2nd day of suspended trading, those with privileged/faster access to CNY Bitcoin exchange servers, have basically played pass the parcel with large chunks of BTC down in a low range, before pumping. The HUGE volume paints an illusory bullish picture of support and interest in Bitcoin down at the range in which it occured, just as it will manipulate volume based indicators, which bots may be using in their trading algorithms.

I calculated that around 95% of the HUGE volume on the 1Hr break out candle, was actually just bullshit paint the tape volume, down at the base of the candle. But as always, when the CNY market moves, USD follows it and yeah...look at that spike in margin for long positions on Finex.......those guys who have jumped into margin Longs, are most likely fucked! And the margin calls / covering on the way down, should make for quite a brutal spike, as those who manipulate this market remove thier support as they start to sell off.