Are these state-sponsored leaks suppressing the value so the government or related officials can get in on the action, or are they trying to suppress it without receiving any direct gain from it? There's a lot to be known before anything can be determined.
why the hell are you taking what he wrote seriously? he's some guy sitting in an apartment in america probably. what the hell would he know about the inner workings of the chinese government?
Because it's the reality happening right now right at this moment in China.
Can't you see what have been changed in the China market? from +$40 premium price dropped to -$2/-$10 negative compare to usd eur market.
Chinese are getting out no matter you like or not and you know damn well what does that mean to the global bitcoin price.