BTC-E Bitcoin price hit a low of $309 in early morning trading today.
A little over 7500 coins have traded hands on BTC-E in the last 15 minutes, which is right around the exchange’s daily volume traded. What’s going on? Something smells fishy in Russia… or is it Romania?
The question remains — why would anyone dump on the BTC-E market? Perhaps an algo gone awry, but everyone knows BTC-E is worthless for FIAT, a true roach motel, so any trading activity would ultimately be consummated in a withdrawal of BTC or LTC back to the traders’ wallet. Was this a vapid attempt at market manipulation to drag the Chinese Dragon?
Other markets are reacting to the sell off, with both Bitstamp and Huobi seeing a collective 5,000 BTC sold off between themselves in parallel with BTC-E.
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are they so lot of speculators, escrocs and criminals behind BTC?
The questions remains… Why so much sells at a few times? Specials are saying nothing when users need explains. The transparency problem is a big problem in BTC system.
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https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/
The intent is to withdraw 4150 BTC from our exodus address within the next 48 hours.
Maybe they are selling their own bitcoins now that they have a lot in the “exodus” address— seems that now that people have funded them they have no dubt to destroy btc to get some dollars…
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Willy’s sell off – don’t you think?
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