I've been looking @ that sell order @3k...it was 2btc earlier today...and it started to get eaten around 1pm...then it was quiet for a while and then the big dump. Now that wall is 1 btc @2999 and almost 3btc @3k. Looks like somebody wants the price to stay there.... Shaking the weak hands may be???
that buy wall was eaten up just before the dump...
it can be just someone who wants to take his profit but its more likely that someone indeed wants to keep the price around 3k for now...because why place a sell wall that big if you want to cash out...then he would have place smaller orders and sell them slowly..
If you read the graph to they have placed small orders to make the book look thinner, the are massive buy orders near the bottom which will be his, the only thing to do is have no fear an just buy his wall, an put fear into them.
seems to want more coins, if they think they could lose them they will change.
It's why you would dump try to cause panic, but if people stop being a fool to the game an buy this persons walls they will think harder about doing it.
It will be done again an again in-till they cannot do it , if you don't sell into them, they won't pick up again. because they claim they are shaking people, but if people wise up to the trick they will just look as stupid as they really are.
I just see it as them shaking people they are taking people for fools, it's like a con man who does not finish a job you paid him for, stop paying him.