Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I think it was because of the news that China governments and regulatrary agency has shut down mining activities. Many traders and investors see this a good news and since this is going to lower supply they believe that it is time to invest because price is going to surge.