According to Moody, there are bids totaling more than $50 million in the $0 - $2.50 range.

It isn't difficult to manipulate the total bid sum. All you need to do is place lots of bids far below where you expect sales.

[Update/News] Why we have been slow and taking longer than usual to process orders. Hint, banks don't like Bitcoins.

[Update 3: Chase says "Your account will be reviewed to decide whether the source of deposits(exchanges) is legitimate and we will decide within 30 days if we will be returning any or all of your money" - quote from actual Chase employee. So because we have money coming in from Bitcoin Exchanges, we are now a criminal and have had all our money seized...]
[Update 2: We will be shutting down temporarily and not processing orders. Your order will be placed ASAP when we gain access to one of our accounts, or open an new one.]
[Update 1: Chase has also decided they needed to close my personal accounts and our main account as well and now all money is frozen and can take up to 30 days to get back. This means that we cannot even pay our credit bills with the money being deposited from Exchanges.]
There are a couple important things I must get to here, but I am also not going to be posting a wall of text, so I will keep it short and sweet.
Chase bank and another bank, have both decided that we as a Bitcoin based business are "Too High Risk" of clients, and have frozen/shut down our accounts. We were NOT given notice, and we were simply told "your funds will be sent to you by check within 10 days". This is not something we were ever warned about, given notice of, or even received the courtesy of a phone call from the bank beforehand.
The actions taken by the banks make zero sense because:

• We spend a lot of money on their credit cards, which is how they make money.
• We made multiple payments monthly, and always exceeded our owed amount and had "credit" on our credit cards.

We were the ideal customers, not in any way "High Risk" customers.
Due to this, we cannot for the time being, place international orders, as there is a hefty fee for those orders via the credit card companies and both cards we used which did not have those fees were shut down.
This does not effect any orders, they are still being placed with other accounts and will all be processed.
I apologize to anyone whose order has been delayed at all because of this situation. We are doing our best to fight through this, and to figure out a way to keep our legitimate business from being wiped out simply because banks don't like Bitcoins.
I will update this if and when we get more information.
Thanks,
Justin W.

Apparently some exchanges are getting GOXXED by the AM price drop.

https://bitcointalk.org/index.php?topic=148350.msg2521638#msg2521638

I see no handles, only a movement downwards approaching.

You need to factor that rpietila sold low and bought high earlier today, that has to mean something

The handle is on the wrong side.

today it seems like a remote possibility

One thing I would like to see on BTCT is some sort of minimum granularity of prices. Right now, what happens all the time is that someone undercuts (or overbids) your ask or bid order by something silly like 0.01% or even less. So while you have functionally equivalent orders, the other one gets executed first since it's better by a negligible margin. Which means that with volumes being relatively low, you have to constantly babysit your order to ensure that it's at the right spot in the order book if there's one of those jokers going around constantly outbidding you by 1 uBTC.

In the low volume trades that occur on BTCT, these tiny fractions of a % have no meaning, but they serve to frustrate those trying to keep a competitive bid/ask in the books. A minimum granularity of in the price would help a great deal in overcoming this issue as it would force users that want to have the top order in the book to actually beat the current best price by a non-trivial (though still small) amount.

How did you find that out? I can't find documentation..... Can you give me a hint?

<html>
  <head>
  </head>
  <body>
    <h2>Bitstamp Streaming API</h2>
    <div id="message">
    </div>
    <script src="https://www.bitstamp.net/s/js/socket.io/socket.io.min.js"></script>
    <script>
      var uri = 'https://websocket.bitstamp.net:8080/live_trades';
      var conn = io.connect(uri);
      conn.on('connect', function() {
        var e = document.getElementById('message');
        e.innerHTML = e.innerHTML + '<div class="message">Connected to: ' + uri + '</div>';
      });
      conn.on('trade', function(data) {
        var e = document.getElementById('message');
        e.innerHTML = e.innerHTML + '<div class="message">Trade received: ' + JSON.stringify(data) + '</div>';
      });
      conn.on('error', function(data) {
        var e = document.getElementById('message');
        e.innerHTML = e.innerHTML + '<div class="message">Error: ' + JSON.stringify(data) + '</div>';
      });
    </script>
  </body>
</html>

EDIT: I will try to explain you visually the example. In the chart you posted, the bid sum and ask sum crossed for a moment at the beginning of June, and nowadays are very far away one from each other. Now look at the 15 days timeframe, they are crossing each other consistently for the last days. Thus, the fact they intersect or not depends on how they are charted, it will depend on their relative values on an arbitrary timeframe, and therefore is 100% meaningless.