Bull trap
Oh fuck yeah...that!
That was on Bitfinex...Bitcoin was already at heights of a very steep spike at around $498 and some nutter came long with a 1009 BTC market order on Bitfinex, which took price right up to 509! 2 seconds later we were back at $500 with a bit of panic buying going on......now at $485.
Who are these people and how come such fkn clowns have access to so much capital? (early adopting kool aid merchants?)