Normal reaction after a rise like this. Unexperienced day-traders panic and sell their stash even with a lose...
I hope we will consolidate a bit just above $250-260, finding a higher bottom and staying around the $300 mark maybe shows that a stable BTC can contribute to profit for many businesses.
We are still in a Bullish market, but everything on earth gets attracted by earth gravity, maybe afterwards a new impulse can make it fly to the moon (and not come back).