Today steem fell below its normal line, without any resistance.Yesterday there was a whale buying 140k steem seems like full 140k steem was sold to him in just a 12h period. This shows people selling more steem then there is a demand. This result in massive price dip. Hopefully the price will return to its track, but this would be hard to predict.
Part from yesterday.
Noticed there is someone big investing 100 BTC into steemit and is currently buying 140000 steem on bittrex.
Who knows once he bought this he might buy even more. Don't seem that someone has such an amount to provide at the moment.
Is this a good thing?
I believe so, it will allow steem price to rise since he will be like a resistance line at the point. Hope no one wants to sell such an
amount all at once. This would allow small dumpers to dump steem to him without getting the price reduced.
