According to Colin Wu on Twitter, between 10 and 11 o'clock in the morning today, the trading volume of the BTC/USDT trading pair on OKEX released a huge volume of more than 10,000 BTC.
There is a view that it seems that there was a pending sell order of about 14,000 BTC in the BTC/USDT trading pair on OKEX, but it was subsequently eaten by the buy order.
For what it's worth, I've read the theories that this could have been: a) Chinese going for a largest ever BTC garage sale after their recent blanket ban; b) swap for tax purposes; c) Tether/Bitfinex dumping BTC in order to buy USDT themselves and restore the failed 1:1 peg; d) [insert your random pick].
What I do know that the market absorbing the single largest BTC sell ever without even a wick on the chart is bullish AF - immense demand/support for the asset.
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