Seems it took a 14% dump - and with that, it's going to provoke fear in the eye's of newcomers. People are going to start selling to minimise their losses and it will turn into a chain.

But it's high because people are willing to that much for it. That's how demand and supply works. If people didn't pay for them, 100 bitcoins would be considered null and void - just a bunch of data on your PC.