I think yes, but I have no idea about details why it is rising bcs of it.
Anyone can explain me?
every year the closer we get to chinese new year eve, the higher the chance there will a strong drop of all coins on the market, this drop happens every year when we close to Chinese new year, because of many investors wanted to sell their coin into money to use in their hollidays, that is why the price drop in this month of every year.