The ask side is almost empty, I think most of people send coins and dump them right away because of fear and uncertainty .... the next couple of days people will be wiring money to exchanges either to buy right away or to open limit orders, which can bring some stability (maybe a bounce back to 2xx?) for a couple of days before crashing again.
one thing for sure, miners will be dumping like there will be no tomorrow, most of the hoarded coins will enter the market soon.
The picture is the same on Bitfinex which didn't have its orders cleared out: Bitfinex | Total bids: 4695435 USD. Total asks: 16226 BTC. Ratio: 289.36067 USD/BTC.
I've been posting the same snapshots when it was on the bearish tilt a couple days ago. Funnily, you weren't hear to tell me about how it's all just nonsense.
Face it man, you used to be a bitcoin cultist who insulted me because I was bearish, and now you became a bear cultist who insults me when I sometimes turn bullish.
If you didn't notice, I were off for a couple of months, I visited only to quickly check my PMs and some other topics (Slovenian Sub forum), but it doesn't matter, one thing I am not going to argue about, yes I was one of the biggest bulls over here for sure, but I was never a cultist.... but I don't remember insulting you when you turn bullish !! did I ? doesn't matter, I am sorry If I did, because I know that you are one of the few objective people here.