Lots of sales

[houseo]

Just noticed lots of sales on my exchange. The volume of asks if much much higher than normal. Something going on?

[Tzupy]

Pump ended up into resistance and now it's dump time.

[houseo]

look at the 24hr volume compared with the 10btc, 17btc, and 6btc asks. Lots of selling right now. Keep in mind it's CAD, but the price is all relative.

https://www.vaultofsatoshi.com/orderbook

[SirChiko]

Last week graph ended in green so i don't know why you guys are panicking. We are still in +.

[houseo]

not panicking. just curious.

[SirChiko]

not panicking. just curious.

We will see at end of the week

[piramida]

10btc, 17btc, and 6btc asks

Must be some whales dumping their stashes, nothing else could explain movement of these wild amounts.

[houseo]

10btc, 17btc, and 6btc asks

Must be some whales dumping their stashes, nothing else could explain movement of these wild amounts.

i sense sarcasm. the exchange is small. 200 daily volume. it's very rare to see any bid/asks over a couple btc, which is why it caught me by surprise.

[piramida]

well somebody found it and tries to corner the thin market, isn't that a more obvious explanation?

[houseo]

I think the most obvious explanation is there's free trading until July 5 so people probably just making use of that.

[Brewins]

start of the month, many bitcoin business will start to sell to get fiat.

Maybe people taking profits from the recent rise too.