5K Bitcoin bought in the last 11 mins on finex. Someone is entering.
I think this is forced liquidation from people who were shorting btc.
There is more than 10k Btc open on the short side on Bitfinex, will be fun to see them closing their positions to cover losses.

Yes I agree. I called this earlier when it was stable at $421-$425. I knew so many people thought we were going back to 400 for a extended period of time because the RSI was way over 75 area, and everyone foolishly opened shorts and simply got left behind. Finex buyers are moving over to stamp and cleaning up these stubborn "walls", stamp kinda has been lagging $10 all day. 10K in open shorts on Finex will have to close to recover soon enough. That's where we get a quick $30-40 spike in 2-3 hours when that pressure sets in. I see $452-$457 in 5 hours.