well i think its now safe to say that 15k btc sell-off was a failed attempt to spark a panic.
GJ guys. This market is getting a lot smarter.
I'm not really sure about that.
The timing is pretty close to when Liberty Reserve is back from maintenance mode after 1 week off.
People that can only withdraw to LR and don't want to take a risk that something will happen again to Liberty Reserve will exchange their bitcoin to LR then to fiat as fast as possible.
this is how it happened: It was just 1 player with 15k btc
After the initial 12652 btc sell-off to $10.65, he left his remaining 2348 btc wall at $10.65 for about 2 minutes to see if the market would panic but he realized that it was just getting bought into and moved it back to $11.55.
If this was because of LR panic then wouldn't it make sense for him to leave the 2348btc wall up? As of now, its still sitting at $11.55
I think this player had a good plan. His timing couldn't have been better to try to spark a panic. With this huge 100k btc transfer and the LR panic potential, it seemed like the perfect storm to brew a crash.
I'm 100% sure this would have worked if this all happened when the market wasn't already privy to such manipulation methods.
I'm very impressed with how smart this market has become.
Also, i think this failed crash attempt is a very bullish sign.
