Quote from: ryantw on July 11, 2013, 05:53:55 AM

July 11th, 2013

Price is still being held down with ask walls. Gox took a large USD withdrawal hit this past week. Keeping the price low entices those withdrawals to come back as deposits. The writing is on the wall, in this case walls.

Very nice prediction there.

However, I'm really not seeing the ask walls anymore. Most of the asks are now in the form of small-medium chunks of 5-100. I know some of them are from a bigger player splitting them up [Like the 37.25 asks x ~28]

The 2k wall at 90 I'm fairly certain is from the same guy that had 5k at 80, and then pulled 2k before the major rally came thru.

Interesting point on lower price -> less withdrawals. It makes sense.