That's ridiculous. Chinese new year won't affect the markets much this year , don't you not remember China has banned exchange of crypto currencies?
Markets are already down but at the moment they are in recovery phase. Boy did the markets not have a swing yesterday. People chicken out too soon.
china just banned over sea trading so a lot of people are probably gonna use exchanges based in Hongkong as the Chinese consider them
as a part of China so Binance or Kucoin could get a larger pump since all the chinese are probably gonna switch over
so its not completely banned