Perhaps people are losing some faith in cryptos. They see all these scam coins, and they don't really understand how it works or how it can be sustainable. Like, do you really understand Steem and Steemit for example? I don't. Not all of it. One could think that people would sell their alt coins for bitcoin, but bitcoin seems to be falling too. It could be due to 1.august, but it could also be an element of distrust in general. There has been a lot of hype lately, so we might just see a huge correction.
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You are absolutely right small investor are more worry as they don't understand the actual market situation and about all coins specially scam coins.so lets see what is next future of these coins and how Bitcoin play its role to come out from current situation.