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 the question is, are they really withdrawing their bitcoins to their personal wallet? What if they are cashing out their bitcoins already in order to avaoid more casualties? or what if instead of withdrawing, they are jumping on another boat (buying altcoins)? And since we experience major decline in the past days, it is obvious that it is either they cashed out or they jumped to alts.