The market is depressed because of yet another fake announcement from China about a Bitcoin ban, that has already been withdrawn. Conveniently, they waited 6 hours before withdrawing the statement.

The price now is barely above IPO price so I see no reason why anyone would sell now. I just spent my remaining BTCs to buy in. Even if manipulators manage to knock it down a bit further, it will bounce back. In only 4 months the block reward is dropping to [1, 8] range and I am very curious as to what will happen then