Buyers lower their bids since they hope they will get cheap coins when emotional traders dump due to panic. Sometimes we see buyers losing patience and just filling some sell-orders or setting buy-orders too high(which isn't that bad, you still profit from it). There isn't as much xmr dumped this time, and the price has stayed only slightly below 0.011, i guess most people have learned by now. XMR always go up again, do not use stop-losses.

Even if higher bids exist it doesn't really matter if an idiot dumps 2000XMR.