The over-the-counter cryptocurrency platform Cumberland announced the sudden appearance of a series of large orders right on the eve of the recent rapid increase in the price of Bitcoin.
Desk update of a series of large bids (> 1,000 BTC per order) within a 1 hour span, forced liquidations. pic.twitter.com/UiuHLoCbPr
– Cumberland (@CumberlandSays) 4 April 2019 р.
“In the course of the post-trading analysis of the price movement, observed on Monday evening, a series of large purchase orders (over 1000 BTC) were revealed, issued within one hour”
According to Cumberland Chief Operating Officer Bobby Cho, the applications were executed:
Executed, economically binding trades
– Bobby Cho (@robertjcho) 4 April 2019 р.
The graph shows that the execution of large orders on Cumberland coincides with the beginning of the takeoff of the price of the first cryptocurrency to the marks above $ 5000 :
A four-hour chart of the perpetual XBT / USD swap of BitMEX from TradingView
Also the other day, analysts of the OTC-platform expressed the opinion that a serious area of resistance is in the range of $ 5,500-5800.
Desk Update: For the first time in 8 weeks, BTC has moved more than 10%. We are watching for $ 5,000 (the next even number) and $ 5,500- $ 5,800 (previously uptrend and downtrend selloffs to and from $ 20,000).
– Cumberland (@CumberlandSays) 3 kvіtnya 2019 p.
Earlier, BlockchainJournal reported that the prevalence of demand over supply for Cumberland was observed at the beginning of the year.
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