the problem with weak hands has always been one of the persisting matters in bitcoin market, that is why so much FUD exists but also i blame exchanges. the orderbooks there is not yet big enough to be able to absorb this kind of manipulation and panic sell. and that is because they are not trusted!
i don't think we will see a bull run this soon but also i don't think there will be any more big drops either. there simply is no more reason for it.