Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[derpinheimer]

Someone was rabbit pumping for a few minutes and then just crapped out.

edit: nope still going.  ~200 btc per minute on bitfinex

Very interesting...
The orderbooks don't seem to match the volume though. Possibly fake pump?

[1715099765]

1715099765

[1715099765]

1715099765

[Shatoshi]

what is a "fake" pump?  Over 200 bitcoins were consistently purchased per minute for 15 minutes, for the second half it consistently came up against sell walls, though I guess I don't know who set up the sell walls.  Do you mean it was one manipulator setting up both bids and asks in a tight range?

edit: not buy walls sell walls

[ChartBuddy]

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[BayAreaCoins]

About shit myself when I saw those 100 coins move from that monster ass wallet....

Going to sit the side lines for this one.

Gl and Hf

[derpinheimer]

what is a "fake" pump?  Over 200 bitcoins were consistently purchased per minute for 15 minutes, for the second half it consistently came up against buy walls, though I guess I don't know who set up the buy walls.  Do you mean it was one manipulator setting up both bids and asks in a tight range?

Maybe? Yeah the buys went through, but the ask sum took no hit despite an apparent purchase of over 2k BTC? Doesn't make much sense. Bid sum rose while ask sum remained constant 

[ChartBuddy]

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[bassclef]

what is a "fake" pump?  Over 200 bitcoins were consistently purchased per minute for 15 minutes, for the second half it consistently came up against buy walls, though I guess I don't know who set up the buy walls.  Do you mean it was one manipulator setting up both bids and asks in a tight range?

Maybe? Yeah the buys went through, but the ask sum took no hit despite an apparent purchase of over 2k BTC? Doesn't make much sense. Bid sum rose while ask sum remained constant  

Looks like one whale wanted to push through the trendline with a bit of volume, but a bigger whale absorbed it all. Market is not going higher with this kind of money capping the price.

[derpinheimer]

what is a "fake" pump?  Over 200 bitcoins were consistently purchased per minute for 15 minutes, for the second half it consistently came up against buy walls, though I guess I don't know who set up the buy walls.  Do you mean it was one manipulator setting up both bids and asks in a tight range?

Maybe? Yeah the buys went through, but the ask sum took no hit despite an apparent purchase of over 2k BTC? Doesn't make much sense. Bid sum rose while ask sum remained constant  

Looks like one whale wanted to push through the trendline with a bit of volume, but a bigger whale absorbed it all. Market is not going higher with this kind of money capping the price.

Now there is a bot selling 200BTC every minute??? Wtf!!
It appears to have bought BTC4,400 in the 70ish minutes and so far sold BTC1,400 in the past 10 mins.

EDIT: Make that BTC1,600 sold :: EDIT: BTC1,800 :: EDIT: BTC2,000 sold

(I'm counting any single orders that sum to 200, not volume)
Continued edits: BTC3,600 sold

[Shatoshi]

I love that the price has been been bouncing off my break even price several times today.  Got blue balls.

[ChartBuddy]

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[ChartBuddy]

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[Globb0]

How many of these theoretical uber millionaires are there? who cant cash out because of the liquidity and the damage on the price before they could even get started very much unloading?

[ChartBuddy]

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[hdbuck]

How many of these theoretical uber millionaires are there? who cant cash out because of the liquidity and the damage on the price before they could even get started very much unloading?

http://bitcoinrichlist.com/top100

[Cassius]

How many of these theoretical uber millionaires are there? who cant cash out because of the liquidity and the damage on the price before they could even get started very much unloading?

http://bitcoinrichlist.com/top100

Unfortunately, this list is fairly meaningless. A lot of large addresses will be exchange hot/cold wallets and other pooled funds, and a lot of large holders will split their coins across several addresses. Satoshi, for example, has ~1 million in 50 BTC addresses.

[LFC_Bitcoin]

If I was Satoshi I would have unloaded all my shit @ 1000 USD.
Then I'd be Dan Bilzerian'ing it until my last day on earth.

[Ezmoneyezlife]

what is a "fake" pump?  Over 200 bitcoins were consistently purchased per minute for 15 minutes, for the second half it consistently came up against sell walls, though I guess I don't know who set up the sell walls.  Do you mean it was one manipulator setting up both bids and asks in a tight range?

edit: not buy walls sell walls

Dont ever trust chinese exchanges cos they use bots to create fake volume using which they force fools on other exchanges to buy or sell, like this one (obviuosly fake buy orders, but even if they will be executed its gonna be a wash trade from the same owner of 2 bots, its usual for goxobi)

[dakota neat]

If I was Satoshi I would have unloaded all my shit @ 1000 USD.
Then I'd be Dan Bilzerian'ing it until my last day on earth.

nah, 1000 usd is a joke. better wait 2-3 years to get 10x return.

[ChartBuddy]

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[Globb0]

If I was Satoshi I would have unloaded all my shit @ 1000 USD.
Then I'd be Dan Bilzerian'ing it until my last day on earth.

nah, 1000 usd is a joke. better wait 2-3 years to get 10x return.

So someone would be stupid to draw out 120 Million dollars? seems like a bit of a squeeze on the world to want even more