The MONSTERS Asicminer is selling their Bitcoin that is the main reasons the price drop!! This guys are centralized miner for their own benefit. Do not support this bunch of Monsters.
Dumbass.
Slightly less than half of ASICMINER is owned by other people.
Ignored.
I could completely wrong, it is likely that I am, but I think that there are a large number of automated traders on both Bitstamp and BTC-e. Some while ago these bot-users determined that the Chinese markets could/would serve as nice triggers for the other exchanges. ++ for a long while it was Gox that served up similar triggers ++
In our increasingly nervous market the bots detect a movement on, say, Houbi and automatically follow suit. That combination is enough for human traders to climb on the bandwagon and reinforce the initial move. Then the more rational/reasoned traders counter-move and the initial trajectory is reversed.
I believe that these oscillations will continue until: 1. There is no 'other market' that serves up a trigger; or, 2. Confidence is regained, the nervous market ends, and a true vector forms.
$0.02
Or another possibility: market makers selling BTC short.