There's something going on in the internal market too, not only in the South Korean exchange Upbit. These are the buy orders for STEEM stacking up on the internal market:

Screen Shot 2018-01-20 at 9.56.52 PM.png

Responsible for this huge green pressure is a single buy order for STEEM, in which more than 57,000 STEEM are to be bought for more than 44,000 SBD, which will drive to price to 0.7745.

Screen Shot 2018-01-20 at 9.56.55 PM.png

The value in fiat for this order is more than $300,000!

That's one hell of a bet for STEEM!

Later edit: to put these numbers in context: the entire 24 hours volume on the internal market is less than $10,000!

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Impressive Buy Wall For SBD On The Internal Market: A 57,000 STEEM Order Waits To Be Filled

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