can't stop looking at this pie: http://bitcoincharts.com/charts/volumepie/
and thinking about the fact that chinese have time until 31 Jan to withdraw fiat from their exchanges...(what happens after that date...nobody knows)
i suppose this bear party is just starting...
even if chinese volume is highly distorted by the 0% fee on btcchina (and foreign traders there) market needs time to recover from loosing a big amount of constant money flow.
on top we have christmas holidays, lots of people & merchants probably spending/liquidating some of their coins...
looks like growing a shortterm winter fur during these cold times is not the worst idea...