Low volume only bothers day traders though. If people are not keeping their coins on exchanges and are trading less in general then that doesn't bother me. The only thing that matters is how much someone is willing to pay. I dont care if we do 1mm BTC a day in volume or 5k if Im not a trader. Dont worry if/when another bubble happens it will happen regardless and when that time comes there will be no shortage of people flying money and coins into exchanges, but granted during these "down times" the voume is greatly reduced and GOX can be named as a contributing factor.

Lets remember though, counter party risk was among the reasons I first got interested in Bitcoin. The whole be your own bank and dont let the bankers gamble your money away. Therefore it stands to reason that I wouldnt keep coins/fiat on exchanges and it took an event like GOX to remind people of that. It could be argued then, that if you beleive this low volume is due to people not keeping coins on exchanges then this is a positive in regards to people understanding the fundamental principles of Bitcoin.

But as I said, I wouldn't fear as once the train moves for whatever reasons people will quickly forget about the lessons they learnt and will go back to day tarding, staring at the charts hoping for that $10 move so they can close their short and make 0.0001BTC