Insider trading is basically one of the defining models of market micro-structure, despite being illegal in
regulated markets. Assuming some proportion of insider trading in a market is the only way you can build a model to explain the price movements.
read more here:
http://www.wildbunny.co.uk/blog/2014/06/24/algorithmic-trading-with-bitcoin-part-2/In any case, it's unlikely this move is news related since nearly all crypto on coinmarketcap started moving in an up-trend at the same time, seemingly all driven from bter*.
In addition, if you want to make money if this was a news event, it's better to sell when everybody else is screaming 'buy' - basically, always do the opposite of what the majority are saying.
*) correction: from btc38