Sandia
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September 02, 2014, 11:33:45 AM

I know that depth is almost meaningless, but... there are 17k BTC of bids down to 400$ @bitfinex

There were 11k from 510 to 480 IIRC.  Absolutely massive support, 2-2.5k btc to move the price $5 in places.  I wish I had a screenshot.  

That is why it took 3 or 4 dumps and all those ask walls to break it. 516 to 490 in a couple of hours.