This has been an interesting if not humorous (at times) day of watching the action of L2. We've seen the price plunging with most transaction occuring at the Ask and we've seen the price spike up quickly on transactions occuring mostly below the Ask. It all seems quite contrary to logic and conventional wisdom.
I have to wonder if there have been some leaks about a PR coming tomorrow, or do people suddenly have new unrealistic expectations of a coming PR.