That was a record breaking volume required to devour a massive Ask wall that had accumulated at the $820 range.

I doubt for a second that this surge in volume, 900 BTC worth of it occurring in one fell strike, the majority of the rest of it hitting within two seperate 1 minute candles, was the result of irrepressible mass public appetite for $820 Bitcoin.

I will concede that I don't know what the fuck is happening here but it reeks of fish.

A 1500 strong Ask wall (on Bitstamp) should not be getting devoured in these conditions, with so much uncertainty surrounding Bitcoin just around the corner, but it was. So this is surely a bullish signal? That was around 3 million worth of USD trade done at these prices. That was some serious money getting into the game, wasn't it not?

........Or was it just a syndicate of whales playing pass the parcel with a big bunch of Bitcoins?

I would like to have a track record of the accounts operating on the exchanges during these crucial, crunch, and entirely unexpected and unpredictable turns of trading momentum. I guess this is why this stuff must be made public domain on real exchanges, in order to give market participants a clearer view if what is going on behind the trades.

There are powerful forces at work that are determined to keep Bitcoin upheld during this time and I have decided that it isn't wise to bet against them and am fortunate enough to be getting out almost breaking even in doing so. I won't be betting with them either as they have an 'enemy' in the far east that although perhaps not powerful enough to bring them down completely, is certainly powerful enough to tear lumps out of them.

I used to have an ideological view of Bitcoin and was actually amongst the 'early adopters' or users rather, but unfortunately for me I never held onto any of the hundreds of sub $10 Bitcoins that I have bought in the past and I now view Bitcoin as a nasty pernicious vapour asset that will invariably either be killed off, or end up being cornered and controlled by the usual suspects. Freedom it aint going to be, quite the opposite infact.

Because of the aforementioned 'Yellow Peril' that powerful USD based entities are moving to protect Bitcoin against, I think the wisest thing for any Johnny come lately investor to do is sit back and wait. The whales are making great efforts to hold Bitcoin at this level, but the dragon has not even started to breath its fire down on Bitcoin, yet.