Looking at bittrex, my best guess is that some guy is buying and selling with himself lower and lower to try and drive the price down and grab as many coins as possible. I mean, look at the sell orders - there's just 10k at 10 satoshi, and 40k at 11 satoshi, but someone was quite happy to dump 2m coins at 9 satoshi earlier? Doesn't smell right. I mean, the big buy orders and the light sell orders, with all that volume? It should be a perfect storm for a bull market, not a bear one.