There are number of things going on with BCY in the last few weeks that i find interesting that I cannot explain very well.

1. Software updates happening more frequently
2. For weeks a low order book of less than or around 50 BTC
3. Price starts to climb with a low order book
4. Then a not so surprising dump into the momentum a week or so ago that can be explained by people/person that bought during climb to 70k that wanted out at any reasonable price
5. Order book built up to current 130 BTC, even higher at times
6. Constant dumping into any strength for the past 48 hours, while the order book continues to grow. I would say pretty high volume dumps as current 24 hours have 400+ btc traded. Huge dumps into a sell wall that seems to be just scooping them up gladly.

Considering the situation selling 400+ Bitcoin  of BCY is just a crap ton of BCY that someone is unloading into what seems to be a completely expected buying trend.

The seller is either in a extremely pressing situation where they need to sell immediately, or have given up for no reason apparent to anyone that is following this project. It also feels like the seller is propping up the order book with BTC below where they want to sell hoping to unload them all.