China's market importance has gone from the moment the PBOC stepped in. We've been trolled by China far too often, and that's why I am glad that they (at least for now) are put off side when it comes to on-exchange trading. China just needed to fart, and people would start selling like there was no tomorrow, which is beyond insanse. Why let the entire market tank just because something happens in China? It makes no sense. That's why I prefer to see Bitcoin's adoption being spread out over several larger countries, instead of just one like how things were before the PBOC sanctions. Currently that's more or less the same when it comes to Japan, but they at least are the complete opposite in terms of their approach.