In my opinion I am beginning to believe that all the funds that were suppose to get into bitcoins for it get to a higher price are diverted to purchase ICOs tokens and this might be the cause of bitcoin fall.
your title can be correct but not this part.
it is actually a little different. as ICO tokens are getting dumped and also a lot of the big shitcoin such as Ethereum are getting dumped, the money exits (flees) the market and it mostly does it through bitcoin. meaning they dump ICO tokens and shitcoins for bitcoin and then they sell bitcoin to get their fiat out. that can cause bitcoin price fall.
If I have bitcoins, and I spot an ICO that has a potential to be the next great coin, I will probably sell my bitcoins for it, and this I think is part of the cause of bitcoin fall. What do you think ?
first of all only an idiot thinks an ICO can be a great coin because they are not even coins! they are tokens reliant on another platform!
secondly when you invest in an ICO you don't "sell" your bitcoin for them. you simply invest bitcoin in that shitcoin. that doesn't affect bitcoin price at all.