I have not looked at it in detail as it takes too much time but I am pretty sure when the buys thin out to drive the price up some crazy wacko whales buy it up to cause the sudden pump and these same whales realized by now that when they do it other autotrading bots start to open up orders stacking the orderbook on the way up and these same whales just dump like madcows right into them straight down.Yeah I was a spectator in that. Couldn't even place a short near the top because Bitmex was overloaded. Eventually got in at $3630 with a market sell. Closed that short already.
I've hardly traded at all this week as I've still got a short open and don't want to hold a long here. Decided to join in now as it's boring just watching and not trading. Just have to make sure I take profit often from the longs.