Chinese like to gamble, and the Halving is surely a gamble. My prediction still stands that we will see $650 very soon, and when we reach that... most people will start selling. The price will then go
down once again, and stay at levels between $500 to $550.
Chinese "investors" are more gamblers than real investors as they take out a mortgages to put all that money in very risky investments hoping to make some quick bucks. If this increase was indeed caused due to capital flight, then the price would have gone over $1000 already.