Post
Topic
Board Speculation
Re: Has the SEC made an approval?
by
Rogerdale
on 10/03/2017, 13:45:50 UTC
No decision yet. It's funny to see rise to 1365 and then immediate fall to 1070. I believe this is what happened - many exchanges (like Bitfinex) don't allow to modify price of already placed orders. So people need to cancel current orders and place new ones. At one moment a lot of customers cancelled their buy orders and made market immediately thin. And Bitfinex started forcibly close margin positions and couldn't find any liquidity to sell more and more margin BTC. And market moved very sharply.

That may be also kind of a market manipulation.

And because of these manipulations SEC may come to office today, see BTC price movements and reject ETF proposal.