Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.
Shame that the correction in opposite direction didn't happen for Eth or doge haha.
The whales took advantage of the news and convinced people to panic sell by starting the dump as soon as they heard the news. It's funny how the whales manipulated the market using the news that the PBOC was preparing to prevent any chance of the exchanges manipulating the market.