Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Denton
on 31/01/2014, 17:08:02 UTC

It is obvious to me that with the BTC China bank deposit re-acceptance news, people began to buy BTC at there.
Immediately, someone sold those exact amount just to keep the price stable. What a trade volume!
Being successful, people gave up making short profit. Significant volume down.
I call it price control... but who and why? when does this "project" finish?
The moment it finishes, price would start to move. I don't think it would be downward.

I think it's just some bot testing

Right. A bot went berserk and sold/bought the same coins again and again.
It was actually two bots. One of the bots exploited the market maker-taker fee structure to extract from the other bot 0,3% for every trade.