price is not moving until after the auction
Very probable
You think the price will stay here for 11 days?
All other the other holders have a vested interest in making sure the bids are high on the 4th Dec. imho.
The bidders have more fiat, more BTC to dump and have a vested interest that the price remains low.
Well you seem have not understood the 4th dimension. Time.. You see they (in theory) don't have any bitcoin to dump yet... Because they need to buy it first... that's what the auction is intended to do. If they were already holders they could (in theory) sell their
BTC and hope the price does not rally, but it's unlikely because last time the price rallied before the auction. So they would be doubly fucked... sold cheap
BTC and brought high at the auction.