Examining the 360k dump on the Kraken chart.
220k dumped at 2016-12-26 13:05:00 @ median price 0.0003435 = 75.57 BTC
140k dumped in chunks starting around 2016-12-27 10:08:00 @ 0.00032 = 44.8 BTC
So he dumped his 360k for about 120 BTC = average price 0.000334
I suspect he made about a 55k ICN profit if he was able to buy back in around 0.00029. I didn't see any obvious signs of him buying back in on chart of orderbook, so if he did, it was in 10k-50k chunks.
Price drop was due to this one trader, there's no other significant volume spikes on the chart.
Conclusion: ICN holders still holding strong. RIP to the noobs if they panic sold. RIP to the whale if he hasn't bought back in, he will look like crying Jordan soon.
Nice analysis. Also explains why we're already back up at 0.0003
I don't think it is nice analysis, why you consider they are same person, why you consider he will rebuy?
260k deposited to Kraken at 26 Dec 01:18:29
https://dwq4do82y8xi7.cloudfront.net/widgetembed/?symbol=KRAKEN%3AICNXBT&interval=D&symboledit=1&toolbarbg=f1f3f6&hideideas=1&studies=&theme=White&style=1&timezone=exchangeThen if you look 12 hours later on Kraken chart (click on "1" in the top left so you can see minute-by-minute), you see 220k dumped at 26 Dec 13:05:00
100k deposited to Kraken from same address at 26 Dec 19:12:57
Then if you look 12 hours later on Kraken chart, you see 100k+ dumped starting around 27 Dec 10:08:00
Looks to me like a guy transferring coins to Kraken, going to sleep or work for 12 hours while deposit is confirming, then dumping.
Nice detective catching, dude. So we can cheap from him, if we don't get rid of these greedy whales, we can't go up.