Is the government auction news really bullish, though? Sure, people will be bidding on the bitcoins, but won't the 30k coins coming back into circulation dilute the market value? I'm honestly not sure.
I think everyone is making it more bearish than it is. No one buying 30 Mill in coins is going to turn around and dump on a exchange... that would be beyond stupid. The want to buy a rising market and have more intensive than anyone to make sure we make new highs. It will be a market Maker buying those coins.
Thanks, that makes a lot of sense. For some reason, I had the idea that it would be small investors bidding on these coins, but it seems more reasonable to think market makers would be buying these up, since it would be difficult to get that many coins otherwise.