Someone buying thousands of BTC on Bitstamp, HUGE bids of over 1000 [btc]...

[SirWilliam]

Any ideas who is accumulating such a huge amount? Hedge fund? Financial institution? Looks like the big boys think this is the bottom and want in and the price is reflecting it...

[1714857659]

1714857659

[Stevets]

Government bailout of MtGox [Edit: I want to make sure you know I am being sarcastic. I am like that and should include a  ]

[Ianwhitbread]

just been removed, must have got cold feet

[NLNico]

Just big (fake) buy/sell walls nothing special :p

edit: I mean you can see this all the time, just a big trader.

[iram3130]

That could be Chinese? They are buying in thousands every hour.

[SirWilliam]

Actually it is a big deal, about to smash $600. Watch the trades, massive buying going on. Even using fake ask walls to get pikers to give it up. Definitely accumulation by a very large investor taking place. I have 26 years experience in equities and the pattern here is clear. Now eating through another 1000+ coins at 599 like Paula Deen going down on a stick of butter...

[TrailingComet]

most likely a hedgie or a family office buying here