I think the fundamental factor is very strong this time, once again the PBOC issues a practical attitude, but what about their logic of separating the blockchain from bitcoin as two different entities?. eth and other crypto are finally also affected by the same situation, if it does not distract then december enters the bloodbath period, I hope there is still a reversal effect.
Because Bitcoin and Blockchain are two different entities, Bitcoin is a product of the Blockchain itself while the Blockchain itself is a system.
is it really because of china? why do I feel like it is not because of them?
in my opinion, it is more likely a manipulation causing the price to drop because we are getting near to the end of the year.
Maybe this has become a sharper down market trend for manipulation it could be and the pope can also do it, but with the influence of China can also happen because with every statement from China there is always an impact on the crypto market but I just think with downtrends like this it won't take long but it will take a long time to recover.