Sorry, but thats just strange FUD... I was online as the 1 yuan bit was dropped watching the charts... It was a minute after the fake news was thrown. BTC-e was just rising again over 17 as it got hit, dropped fast as hell to 15. The huobi guy paniced and sold his whaloe block of 60k -100k . For that, he had to "buy" the whole buy orders out, which he did with the $1 yuan order.

But the block DID NOT got sold for 1 yuan, the majority of the coins was sold for normal prices, he only set the 1 yuan to get also the lower orders too because he thought it will go really bad down. What had happens when the fake news had become true. It was just the emergency sell of a paniced whale, and he lost for sure alot but not that much as people think because alot coins was sold for market price or a bit under - you know, the exchanges are trying to get the best deal automatically, you can't sell out of the market price of existing order. The benefit of a "high bit" is that you got served before a lower - even when someone sells all for 1.

I saw your bad experience with gox but you should clear your mind. Since gox there was already alot money to make, mainly with ltc - increased my asset by 35% and i was playing very safe..  When btc find its bottom - and there is a bottom, then it will rise again. Its normal, 2012 and 2013 was full of this kind of events and some "bad news" was even more worse in that time including a "lost all coins" from gox.

The big volume is absolut no secret - huobi has no fees as the china exchanges had before. As btcchina & okcoin added fees as answer to the china authorities
(mainly to make clear that they don't "lure" people to trade) huobi played it harder and did not added fees. That was the time as btcchina had problems with
adding money to their exchange too.That worked, the authorities did not focused on fees and alot people, mainly from btcchina moved to huobi.

The problem is that to much people think that volume means unique coins. That was never true, even not on the "normal" exchanges.