BTCChina Exchange will Close at the end of this september

The second largest bitcoin exchange in china announced earlier today they are gonna shut down at the 30th of september.
the closure of the btcc china will be a surprise to the industry .

Japan based exchangers in the other hand is taking advantage of the situation as a lot of traders from china immigrates to japan based exchanger such a coincheck and bitflyer.

cointelegraph can see the price of bitcoin heading down to 3000usd