All I could see in the charts is the new money, even on the counterparty and Waves dexes, the orderbooks are filling up again, my guess is those wondering if the dips would get lower are now finally getting into the market again. Wouldn't say this is the end of short-term volatility though, the way the swings happened without any real rhyme or reason (and no, Korean and Chinese news isn't new, and CBOE futures were all cash settled).
I'd say we should still be prepared for even lower dips. We're going to see a lot of people cashing in for quick 10-15% profits from this recovery, so more selling pressure awaits.
If history teaches us anything, Bitcoin will either continue to trade in a rather narrow range, a few thousand dollars maybe, or go exponential with no major corrections until all short-term profit takers are first completely wiped off and then taken proper care of when they reenter the market at new highs. The same thing is going to occur again and again.
Unless something really bad intervenes, and we crash as much as we have already crashed (in %%).