seems like some whale wussed out.... only made the market stronger.... china charged right back to 2400 in minutes lol
No, I dont get why people think all movement means whale. Its a bunch of small-medium players selling, not a whale.
A whale move is obvious. Like mr. 10k wall the other day.
I Think Mr 10k wall was meeting someone at that price to sell. Someone had a deal that if it breaks ATH, put up your 10k coins and I'll buy it all. Someone like user:Loaded, who showed back up in this forum about this time, would be behind something like this. Most whales buy over time on an exchange to not cause a panic buying spree, they will buy off exchange, or sell off exchange, or over time to not cause slippage. They are a whale for these reasons. I agree these dumpers are medium sized coin and fiat holders. I'm not going to lie, if I had the coinage to move the market, and maybe gain an extra 10-20% on my holdings, I would do it.
I just wish new users would
not panic, and maybe lose some of their own coins at a loss.