I believe he granted bail because in the judge's view (misguided as it may seem to you and me) Proof Evident Presumption Great (PEPG) was not met by the prosecution. Whatever factors he weighed after determining and giving a clear statement about probable cause being met led him to believe the PEPG burden was not met (the defense made some points he felt created enough doubt) to the satisfy the holding of the defendant until and if a jury finds him guilty.
If I understand the argument made to
my criticisms here, which are like yours, the law relies on the judge in the question of weight toward PEPG & bail. Since it is his decision alone to make, even if a group of his peers disagreed, his judgment would stand in this matter.
Let the inevitable critique and criticisms of my post begin.....