I think a lot of the flooding occurred due to the stuck block that took like 7 hours to complete. It held the price because no one could transfer AUR, then when the block finally cleared, people started flooding the markets. Perhaps the block stalling caused some panic that the network was broken as well. Once the snowball started rolling it just kept getting bigger and bigger. Hopefully AUR stabilizes and doesn't go below 0.01 BTC again.
nice though, could be right, but I don't think so. 7hours is not from Sat-Monday....
Block times, in UTC.
Cryptsy chart, note it's Eastern Time, which is -5 UTC( add +5 for UTC)
You'll see that the larger volume downward trend seems to start right around 15:00 - 17:00, which also coincides with the block getting stuck, then it just continues to roll downhill.
I am not saying that it was the only reason, but it certainly didn't add confidence. It may have got the ball rolling faster on what would have been a smaller drop. Many people were complaining of transactions not going through and frustrated that mining wasn't going anywhere.