If China creates FUD, saying they'd ban this and that, then when everything drops they rebuy.
They probably hold the most coins of every country?
It might be true because their activities related to bitcoin were always suspicious.News related to china was earlier mostly used by FUD spreaders mostly to create panic among newbies and make them sell their coins.But now its no more possible.Now even FUD spreaders hardly search other factors to create panic in the market.Now at current stage,news about south korea has an impact on crypto prices.China does not hold any crypto coins and actually they are not in need of it.