Yeah, well it dropped from 2800 to 2300 just now and it looks like it's going to keep going. I might be wrong no the technical details, but I'm right that the recent investors are panicking.
Maybe you can explain exactly what is happening on August 1 then?
It has always been like that ever since. When the price hits an ATH, a pull back will follow and slowly climb back again to reach a new ATH. It is the profit taking of the whales. And maybe now because of the panic for August 1 bip 148 and the attack on some major exchanges.
On August 1 there will be a soft fork (UASF) which can lead to a coin split if miners do not signal segwit. But if miners signal segwit, there will be no split and it will just be a normal day. But the FUD it creates may shake the newbies into dumping their coins.