If flight capital from China really were the only/major use case, most of these people would probably convert at least 50 percent of their bitcoins into a diffe

If flight capital from China really were the only/major use case, most of these people would probably convert at least 50 percent of their bitcoins into a different currency once they moved the capital overseas. However, nearly 99 percent of the transactions are paid by CNY. These look more like domestic transactions to me.