Yes and then later on it fell even further. This is a cautious sell off. Big guys cannot sell tens and hundreds thousand of Bitcoins at once - they will crash the market. Super optimistic guys buy expensive and hope for better times. I witnessed today one guy buying nearly 2,000 BTC at $950 on Gox and then the price dropped by more than $100 in few minutes. I believe it will drop even further. I believe in Bitcoin, but it's doomed until its in the hands of speculators and they should get hurt and move to altcoins hopefully although they usually profit from drops as this is how they multiply their coins.