Yup.
All assets have to migrate to direct or to another exchange.
So you're forecasting a flow of money exiting from btct and then an increase in btc/usd ratio. Am i right?
Basically across the board the share prices dropped, not because of any fundamental change with the underlying asset, but rather because people were willing to sell for a loss to take their btc off of the exchange. In other words, share prices are at a discount right now.
Now that coinbase.com has a 10btc/day limit on instant transactions I'm unable to quickly move fiat into bitcoin, thus the auction.