Some whales (BIG FISH) were purposely selling all of a sudden to create a panic sell to get the price down so they can buy back at a lower price to accumulate more coin.  It is destined for $550 to $600 range between December and February.  We had a BIG WALL of 19,000 at one point on STAMP last night at midnight [BIG FISH asking $300.00 for 1 BTC].

I watch the exchanges quite a bit late at night.  The BIG swings normally occur between 12 midnight and 6:00am Central (Chicago) Time.  That is when a lot of the BIG whales from China are in the game to sell off huge amounts all of a sudden to create a panic for those who do not know any better; only to buy back when the price is lower to accumulate more coin.

I saw several who would sell 1000 BTC and buy it right back 15 seconds later on STAMP.  I WATCHED the order book last night on STAMP.  Again, they did this to make people THINK it was a PANIC sell off to manipulate the price down for those who do not know any better; and THEN buy it back at a lower price to accumulate more coin.  However, THE BIG BEARS NO BETTER.  Many BIG BEARS sold when the BIG WHALES did at about $325.00; THEN the BIG BEARS BOUGHT BACK IN at $300.00 to accumulate more coin.

Serioiusly...   We have a LOT of BIG players who KNOW BTC is here to stay are going to pump it up here slowly over the next couple of months.  Most of the big sell offs occur on the weekend.  I believe part of them selling off are BIG mining farms in China and elsewhere.  Happens almost every weekend here lately.