by Jeff Berwick, Dollar Vigilante:
We wrote yesterday about the massive “wall-of-death” with a $7 million sell order at $300 in bitcoin. We stated here that it would be very interesting to see how quickly it was bought up and where the price moved once it had.
In the meantime, however, numerous funny bitcoin memes came out, including this one, showing the emotion of many involved in the bitcoin world as to what would happen after this relatively large order was placed and filled.
The stand-off only lasted a few hours and, as we portended, there were very few offers all the way up to $330 and that is almost immediately where BTC went after the sell order was filled.
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