The gains from the bubble are erased but have not been completely reversed. Price did a hard bounce off the level and has managed to close above it once again. We have yet to establish a short term support or higher to justify going long on charts but Bitfinex's second low, being higher than the first, gives a hint of optimism.
Whereas before I was using Bitfinex charts I now am looking at both it and . Price action has always been at a slight difference between them but in this recent margin call flash crash and test of the support it has become more pronounced. I am leaning towards being a "more accurate" indicator of price action for two reasons: no margin exacerbation and Supports and Resistances tend to hold with more fidelity.