That was the speculation, but we can't tell for certain. If it goes above 5 digits again then good for us.
If the price goes above 5 digits, it is hard to attract the casual investors and if the price goes to those valuation in a short period then the fall will be that huge. We have seen those rallies in the past and we know how the market usually holds up once the selling starts.
On the contrary, there maybe some bitcoin gamblers who will choose to hold on their bitcoin unless you are really a whale or big time bitcoin gambler. For average Joe, I'm sure they will have seconds thoughts of playing their hard earn BTC, just saying.
I was always curious about this situation but in the last rally i have seen high rollers in gambling sites but the real statistics can be known only if a gambling site produces those pre rally and post rally statistics. Casual gamblers like me used to look for cheaper coins to gamble and very few sites had multiple deposit options when the market rallies and now most of the sites have multiple deposit options.