I think that since the Internet caught on and pointed out the 6th of the month trend (every other 6th of the month was either a peak or trough in BTC price) that the whales behind the trend waited until speculators trying to ride the trend bought in on/near the 6th and then subsequently hammered them, evidenced by the current drop. Once the weak hands sell out I think we'll see the price pop right back on up.