Chinese miners? They make up a big proportion of the coins mined and they're in a country where BTC is essentially useless for anything other than selling or market playing.
The Chinese government should've done the world a favour and truly shut down any possible market avenue available to them. They're not exactly doing anything to contribute to the ecosystem and that's what Bitcoin needs.
But have you noticed that most dumps happen on western exchanges? Why is that?
those are early adopters, and i doubt there are many chinese early adopters, they didn't know about bitcoin back then
How many early adopters holding how many coins? Are these early adopters the same early adopters we'll be using in 2025 as an excuse for dumps instead of addressing the real issue of leveraged trading in thin markets populated by greedy speculators?
i can't buy the whole "dumping is miner fault", they are a tiny treat(even if they dump the whole 3600 a day, which is unlikely), the problem must come from early adopters(and thieves yes), many of them have so many bitcoin is not even funny
we are talking about 100k... and for early adopters, i do not mean only the guys from 2009 or 2010, everyone that bought at sub 100-150, are a potential danger for the market, they can be included as a "sort of early adopters"