There is something going on ethereum (ETH) trading on Poloniex at 0.0114 BTC price wall.
Good morning everyone, I wake up and check out the cryptocurrency market capital. It is really amazing. I witness the shift of capital to cryptocurrency market and ETH is one of fast growing in term of price and volume from $35 to $113 billions in less than two months.
However, there is something strange going on here especially on Poloniex where there is selling wall for 55270 ETH volume approximately around ~20 million USD (6300 BTC) at 0.114 BTC (~$341.65). Please have a look at the attached images below:
I think I should call it firewall :-D
What do you think? What are the reason behind the selling wall?
Please comment and tell me if you understand the situation.
With Regards,
