Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak
He doesn't want to sell at $550, he wants to buy all the coins other people put below his wall.
I'm not even watching the chart. Did he actually sell his 1400 coins? Or he just put the wall up, let me check
He sold ~250, the remaining ~1400 was pulled.
I do agree its a good exit strategy, but if his intent was to exit safely I dont see why they would have pulled the wall at $530.