Bitstamp, 3677BTC Volume in last 15 mins

[Tigggger]

Now that was either a big spike or my charts went haywire :-)

And now they are all being sold again.

Someone's trading bot is about to get a stern telling off I think

[1714077553]

1714077553

[btcmerich]

nah , that was one big dildo and it did trigger some panic buys and then some panic sells hahaaha

i do not think the buying that started it was a misstake.  It might be the  waiting for verdict buys,   there is a big chance that ETF is being approved by default today.

[1Referee]

There are a few scenarios possible at this point;

# Mistake
# Manipulation
# Insider trading, which will result in the price to continue its rush.

The latter scenario might be very close. I won't be surprised if someone has taken a large position into Bitcoin before it starts to explode as result of what could be an approved ETF. Insider trading is more often than not a common practice. Perhaps that the usually boring weekends will end up to be more than profitable for traders.

[Tigggger]

I'll go with the latter for starting it, then 'mistake' for the follow up with badly programmed trading bots not being able to handle the sudden huge swing.

It was a fun rollercoaster that's for sure

[Sanugarid]

I'll go with the latter for starting it, then 'mistake' for the follow up with badly programmed trading bots not being able to handle the sudden huge swing.

It was a fun rollercoaster that's for sure

We have no more than 8 hours to wait for the ETF decision. So it is better to be patient before buying.

[btcmerich]

I'll go with the latter for starting it, then 'mistake' for the follow up with badly programmed trading bots not being able to handle the sudden huge swing.

It was a fun rollercoaster that's for sure

We have no more than 8 hours to wait for the ETF decision. So it is better to be patient before buying.

so we are sure the SEC deadline is today and not on Monday?

[bitjoin]

nah , that was one big dildo and it did trigger some panic buys and then some panic sells hahaaha

i do not think the buying that started it was a misstake.  It might be the  waiting for verdict buys,   there is a big chance that ETF is being approved by default today.

Maybe the buying up wasn't a mistake but the dump down? this seems to happen every few months in bitcoin, is it bots or another whale who doesn't understand the trading platform and just market sells ?

[btcmerich]

nah , that was one big dildo and it did trigger some panic buys and then some panic sells hahaaha

i do not think the buying that started it was a misstake.  It might be the  waiting for verdict buys,   there is a big chance that ETF is being approved by default today.

Maybe the buying up wasn't a mistake but the dump down? this seems to happen every few months in bitcoin, is it bots or another whale who doesn't understand the trading platform and just market sells ?

not bad thinking there ,   i am sure the spike did trigger alot of  sell orders.  Sell orders that would have been canceled if the account holder was awake looking at the chart

[york780]

300 mln a week = 3 000 000 : 1183 = 2536 btc extra per week --> this means 8.6 % GROWTH EXTRA PER WEEK!!!! And people still saying that ETF isnt a big deal. ETF aproved = every holder with at least 5 btc is rich af.

[teramit]

its probably trigger orders, some huge holders put market sale at high prices when prices surged to there with a whale it triggered and also triggered other small orders so sum of all orders created big dump and this dump activated some big buy orders as a result we see this graph.

[Sniper44]

this is one of those times that i am laughing at everyone else specially those in the market who were running around not knowing what to do. i always go long and stay safe

shorter's faces should be a nice sight right now.