That was a shocking amount of BTC being dumped at $117,500.  The market seemed to absorb it and is holding up ok, someone sold a massive amount though for sure.  That's the largest volume spike we've seen in months, so that leads me to believe we might be near a new bottom here.  With this week being sure to be full of announcements, I think it might be a bit early to count this rally down for now.  It does seem to be taking a breather though.  We'll see how Europe responds when they wake up in a few hours.