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I'm not sure that doesn't look worse!
The cash flow makes the case for still being in the bubble more strongly than the actual price...
I'd advise against looking at the mtgox order book alone to draw (long-term) conclusions, such as "are we still correcting the bubble or not".
The order book is a) a prime tool for manipulation by big players, b) doesn't represent the entire fiat/coins in the hand of traders who are willing to trade, and finally c) mtgox is (relatively speaking) becoming less relevant. Yes, they're still the no.1 exchange, but a simple look at the volume numbers over at bitcoincharts will show you that their share has declined.
If you look at indicators that try to capture money flow based on trades, rather than on the order book, the picture looks different. Chaikin money flow, my favorite for this purpose, still points towards a positive flow, when looking at the previous months.
Short term though, I agree. Money is leaving the market. But the question is, is that a trend reversal, or only a short term phenomenon.