When looking at the charts, it seems like a single dump is broken into parts. Is there a another reason why this pattern may show up?
I think its because f someone dumps 1000 bitcoins, then price can go down to 210. However, if they were to dump slowly, and get new orders replaced , then they can dump at a stable range between 220-240. At 1000 bitcoins, that amounts to them saving 10000$, which I am sure is a lot of saving for them.