yes for me Chinese new year has a big effect at market price  because, In Chinese New Year, people make a lot of purchases in the lead-up, and then over New Year itself they stop spending. So a lot of the spending happens in the month before New Year. In other words, Chinese people were cashing in their bitcoin gains to pay for the holiday excesses. There’s a lot of Chinese players in the cryptocurrency space. At Chinese New Year, some people are selling off to buy what they need to buy for the holiday. As an investor,this is a  good opportunity to buy cryptocurrencies.