Quote from: BitcoinTraderFX on November 27, 2013, 02:09:15 AM

Okay, I wasn't going to do it, but I'm going to do it. I'm going to drop the conspiracy theory thing.

I do know that the major exchanges have LARGE holdings of bitcoins. And I assume they themselves can put buy and sell orders into the market (with it being fairly anonymous).

That being said... I'm not saying another word.

: )

cj

To be honest, people have been tearing their hair out for days trying to decide which way the market would go. People spent lots of coins painting that double top picture, but other big holders were fighting back. Remember that with all downturns, the real intentions of the big holders who dump on the way down is to accumulate. However, now there are so many holders that it was harder for these bears to drive the price as low as they liked, and so you could clearly see sentiment turning. A couple of stronger than expected rebounds was enough to prove that the markets still have legs, so bears got back in before it was too late. If they haven't lost all their coins, they will try again later at a big profit-taking dip.