I think it's just most people panick selling before august 1 and the others seeing the price drastically drop below $2000 others are more encouraged to sell their btcs. In your opinion tho, do you think it will be a good time to spend money and invest now or wait for the drop stop at which amount? I haven't sold my cojns yet but like others, I'm starting to panick with the potential loss.
Now's a good time to panic buy, not panic sell. It might go a few hundred dollars lower, but I doubt it. Anyone panic selling now will be panic buying back at a higher price than they sold for in a few weeks.
If you want to invest you could invest some of your money now and wait to see if it drops lower before investing the rest. If the price starts going back up you could invest the rest of your money.
