It seems our hopes to see $100k needs to be waits for more as the market is going down. We don't know how long this correction will stay in the market but we have a good chance to buy more amount at a lower price. This situation makes us to have more patience in waiting for the market to be back increase.
But don't panic when we seeing the market still going down for more because that will be temporary and it will increase. Hopefully, we will have other good time in the next week so the price can increases back.
The bitcoin price correction that has occurred so far is clearly caused by high selling pressure. I really felt that while monitoring market activity for a few minutes, of course because there was probably a lot of bitcoin coming into the market from people looking to take advantage. I agree with you, there is no need to panic if you believe in the potential for a better future. Price volatility is a normal part of the crypto market, so a recovery can still be expected.
These guys aren't going to sell forever anyway, even if there were previously confiscated bitcoins for sale. Recently I heard mtgox did it too, so of course there was a lot of bitcoin being sold which resulted in quite a deep price correction. I'm optimistic about price recovery this August, but it's still possible this wave of panic continues if it's compounded by other bad news. Stay calm and stick to the main plan.