I mean we're assuming everyone has fiat waiting on exchange to fire on the announcements of merchant acceptance, which I don't as I've met my hodling goals. My second assumption is that the new bubble will be majorly made of up those who owned no bitcoins.
There
are a lot of traders sitting on fiat, waiting for a clear direction in the market. If we broke $680, most would buy back in. Otherwise, agreed, we need a lot of new money to get moving.
The CEX.io exchange is also good news. They will need to keep coins as a reserve, not dump them all on the other exchanges.