Earlier this morning, about 4 million was dumped within 30 minutes, right? According to Bitcoinity, it would only take a 12.5 million dump on gox to slide all the way down to $20. Am I reading this chart correct?
I realize 12.5 mil is not likely to be dumped all at once. But still... $20 doesn't seem that far away.
By my calculation is would be closer to 25 million USD worth. ...but in any case, that would never happen because no idiot would dump that much at once. They would dump it slowly to allow buyers to come into the market and sell at a higher price.