Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?
But that scenario is only possible if most people decide to withdraw to their wallets, if instead of doing that they decide to sell their bitcoin for altcoins or fiat then there will be more supply of bitcoin and then the price will decrease, so it is not easy to predict what it is going to happen.