What the hell just happened

[ruski]

16/4/2013 1:47:45 PM: Market sell (63.7651 to 62.21785)
16/4/2013 1:47:45 PM: Ask down (69.94879 to 66.32328)
16/4/2013 1:46:45 PM: Bid raised (63.32744 to 63.7651)
16/4/2013 1:46:45 PM: Market buy (65 to 69.94879)
16/4/2013 1:45:45 PM: Bid raised (56.26334 to 63.32744)
16/4/2013 1:45:45 PM: Market buy (59.1 to 65)
16/4/2013 1:44:45 PM: Bid raised (52.78207 to 56.26334)

Did the entire Ask side just disappear? GOXed?

[Bitmeat]

Nope, sanity is prevailing, and Gox is even holding up for once

[bitcoiners]

I think this is called despair.

[ruski]

I think this is called despair.

No, it bounced from $52 to $70 in a matter of seconds and the Ask side of the order book vanished. Now it's back to $61.

[Ichthyo]

surprised?

[bitcoiners]

I think this is called despair.

No, it bounced from $52 to $70 in a matter of seconds and the Ask side of the order book vanished. Now it's back to $61.

It didn't vanish. It was bought up. The asks are way overextended.

Yep... watch was bulls get waxed.

[bitcon]