When will the sellers be exhausted? who knows? Will the 'institutional investors' step in to protect their investment and defend the price levels they bought at? COIN bought at single digits? The guys who started Second Market have said they have an average buy price under $100 (alot of their customers are bag holders). SilverSale was calling for high double digits to $120 a while ago which was the level that it ranged between after the $260 bubble. I know lots of bullish people seem to think the previous bubble highs will never be seen again because thats just what happens so it will be good to see it hit $260 atleast
pretty much touched the previous bubble high of $270 and finally an uptick, I didn't think it would get here this quickly and now theres a 30K ask wall on Bitstamp, it was nice knowing you gentlement
the same person who put up the 30K wall has another 30K ready to dump it was all put up as a 60K wall for a few seconds...
i wonder who can afford to dump a cool 1mil of bitcoin daily at these prices and what they plan to do with the proceeds?