Aww, what's happening now... Let's just hope that we'll form a double-bottom on the short-term support line that's been established over the last few days and bounce right back into the $240s... I don't feel comfortable leaving this uptrend-channel 

It's a probing bot that pushes the market down on low volume to absorb selling, catch stops, etc. It puts big hidden orders right above the market so the price can't move up, market sells a bit to make the amateur traders nervous, catches what it can of the selling, then reverses. Very clever.
Huh, highly interesting! Is that also the reason why BitFinex's orderbook seems to be broken on Bitcoinwisdom? It seems to shift every 5 seconds or so... What's up with that? Also, does this mean the price is going to break back up in an hour or so?
It's working on Bitcoinity, so I doubt that's the reason for any Bitcoinwisdom problems.