lol you guys are hilarious.
What you have seen a price plateau that held for an hour before someone saw there was not enough buying pressure to sustain the move and sold to take profit.
For some reason you are all jerking each other off here telling yourselves people are trying to dip price to buy in cheap. Well guys, if your intention is to dip price to get in cheap you do not, I repeat, do not try that at the top of a recent price surge.
I agree that it was a stupid time to do what the guy did. But, if that's the explanation (no manipulation, just stupidity), then that trader acted too quickly and missed out on a lot of profit.
there was considerable demand right before and after his giant sell. So, you are telling me, rather than setting up sell orders and have them filled (like they had been for a lot of time before this action) it is better to accept a lower price (like 10% less) and fill buy orders?
that's stupid.