Maybe you can help me out here, but the most likely scenario for me is that this prevents the btc price from dropping right now?
well first of all, how are you sure that these transactions are people moving bitcoin from their wallets to exchanges?! i say it is people moving bitcoin from exchanges out to their wallets! i bet you haven't thought about that possibility yet.
secondly, the price is mostly affected by traders who are keeping their coins+money on exchanges ready to go, not from some dude who doesn't know he has to pay a higher fee if he wants a faster confirmation. and those who know will pay a higher fee, even 800-2000 satoshi/byte (check the blocks that are mined and you will see these).
and finally the price fell hard from $19000 to current price recently and the unconfirmed transactions were still high at 100K+. how do you explain that?