Some large dumps occurred on bitfinex but they were absorbed by the market. Very solid support - much of which may chase the price in the event of an increase.

Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.php

Seems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins.