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Look at Mtgox stats. It passed the psihological 500$ with only 2700 btc in transactions.
I would expect a lot more to be sold at that price, but the reality is there are just a few people owning significant amount of btc.
This people know they will crash the market if they will sell significant amount of btc . They actually buy as much btc as they can. The real question now is how they will transform their btc stash in real cash without crashing the market.
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