I just calculated the whole BTS in btc38 worth 8.1 million CNY about 1.3 million USD.
Any big guy can buy out all off them.
Many speculators are out and go to the China Stock market. The remain are long term holder that understand BTS. During the last month there are a lot of people create fictitious rumours in the BTC38 comment page. They are out too, they have nothing to dump, only want the price to drop so that they can buy some cheap BTS.
I think now we are at the bottom.
Pls check this. A real adoption
https://www.dacx.com/Feel free to short USD or buy some BTS at btc38.