I use google and it says China will remove leverage and future trading? It is actually, because Chinese speculators are gamblers.
Probably rushed in new regulations as a result of the whale who lost 10 million on OKcoin shorting BTC
80% of BTC trade volume used to be in $ on a Japan-based exchange.
That got hacked for 650k BTC and completely imploded.
People learned from that experience that Bitcoin is a very resilient store-of-value. They're not dumping as easily as they used to on China fear.
Bitcoin still has value all over the world as long as there's internet, and there's 6 billion internet users located outside China.
You are correct. That's the important thing. The rest of the world no longer panics because of the chinese. I started to notice that last year when the market barely moved with the fear mongering from there