Nah. Take a look at
estimated USD transaction volume., which is adjusted for change-making and other transactions that don't represent ownership transfers. Not much change since April, and way down from the China peak last December. (There's also a huge peak around the time Mt. Gox went down.)
This is precisely what I was looking at. It isn't a fair comparison to take the peak of December, during speculative fueled frenzies and say we are down from there. I can do that on any chart for any market to create a skewed perspective. Between the months of January and March, we were still dropping to find our real bottom. Bitcoin was still discovering it's "actual" price (by actual, I mean absent short-sighted speculation). Gox implodes, there's another rush and we find a new bottom. Only short term speculators want explosive, impossible to sustain appreciation. Since May now, we've had slow, but steady growth.
Look at 30 day, 60, 180, 1 year ...each and every one is UP. Contrary to sublime's comment that I was replying to, no ..it simply is not falling, and that was my point.