BTC is falling. Who has all this BTc to sell? Three Simple Answers, you guys tell me the others:
They are not Bitcoin believers, they are corporations, they just use BTC to sell more goods. Those BTC miners who would normally not bother to sell their BTC on Bitstamp and Coinbase, now have an easy way of getting an XBOX or a TV with it on Tigerdirect or Overstock.com so they go for it.
In fact Overstock must sell $1,000,000 worth of Bitcoins for the first month alone so it is all getting dumped on major exchanges:
That 1 mil does not even make a dent in the daily trading of bitcoin on the major exchanges. Not even to mention per month.
Those 2k bitcoins is not even 1 % of what is traded each day.