This is what we've all been wondering for the past two months.  Here's my thing:  Chinese don't do anything during the New Year, so why is that causing price do go down?  Doing nothing would imply that they just leave their coins locked up and HODL, this would cause a raise in price in my eyes, not a decline.  Maybe the lack of action changes RSI/demand and makes coins appear oversold and it the market drops as a self fulfilling prophecy.  It does look like there is a historic drop around the time of the Chinese New Year.