People will try to dismiss it as a glitch, but it looks hooky as fuck to me.
When Bitfinex went to $10K, real people got burned, the exchange promised to refund them, don't how well they got on with that, but real people got burned and their system really did act like Bitcoin was at $10K with regards to traders with certain positions.
When BTC-e.com went to $100 and Bitfinex went to $100, real people got burned. Real stop long stop losses were triggered and real leveraged positions were wiped out. Plenty people who had low bid orders never got their orders filled, but the price on those exchanges' computers really did go down to $100 for many.
Huobi to $10K serves as an alarm bell to me about both the soundness and honesty of that exchange.
For every person that got burned, another person made out - two sides to every trade.
You, of all people, should know the laws of the jungle by now!
So it's a "bungle in the jungle?"
Something had to cause
the glitch, I wonder what actually happened with their software?
or...
Was it a real spike and a preview of next months Rally?