In my opinion, 1st August has nothing to do with the current drop. The current drop is based on balancing the last pump. I don't believe that Bitcoin can keep falling sharply for a long time and for Bitcoin support points are non-existing, because it is based on usage and prejudice.
I totally agree with you , it's just a market adjustment, BTC can't be pumbed for ever, pump and dump , again and again .
How can you both say that when you see there have been users who are now panicking? Or you didn't even read their screams at all?
They are about the price drop and now withdrawing one by one.
Even if they are holding just 2 BTC per user if there is a lot of them who will do it then we will feel it with the bitcoin price.
Corrections you say? That is not even in the dictionary of bitcoin before and I say there is no such thing.
Bitcoin price depends on the buy and sell and that is it.
There is no correct price for bitcoin and does not need to be corrected.