I was looking at this the other day.
Bitcoin Volatility Index
No idea how to interpret this correctly but it might mean that not as many new people 'hodling' and people who cashed out at near ATH or(more likely) one of the dumps have not bought back.
Wouldn't the liquidation of the Mt.Gox coins add volatility to bitcoin? It has stayed above 6% from the start of the year, and with this added it might stay there longer.
More coins on the market might not equal lower overall price but it might mean it will take longer to get up to new hights.
A lot of assumptions here though so I might be thinking about this wrong.