$200 spread now between GDAX and Bitstamp & Bitfinex. Kraken and Gemini are finding middle-ground.
WTF Coinbase ?!
Y'know, it always feels like a fkn week or two can't go by until some other FUD with Bitcoin starts to brew. It's like we can't just have a normal market, they have to keep playing these fucking games all the fkn time.
I'm already bracing for it.
Could be a benign explanation.
Excited students talked to their folks to buy bitcoin during Thanksgiving and/or Christmas.
Mom and pop went to Coinbase and bought right around the top, then saw their holdings halved.
Then they did not sell at a first rebound around 16.5K.
Now that it rebound a little from recent bottom, they are rushing to sell, especially if they also lost on Ripple bought a week or two later.