It doesn't look that bad to me.
I'm talking about trading volume. It was about $25mil on Sat and Sun, and is now down to about $6. Average for Gox, I believe is about $3-4 mil, so demand is still likely to recede.
What I meant is that buys into the order book are tiny at the moment.
It went from $395 to $307 at 8:10pm EDT Saturday night. Almost instantly.
It then jumped up to $348 right after that.
That was the correction.
It has now recovered from the correction.
Is this not just a bull trap?