Er, could be a pretty big explanation for the BTC crash, the small crash does match what would happen if China went through issues, especially since that China's population isn't incredibly invested in Bitcoin, and prefer more stable coins, compared to BTC.

There are a lot of Chinese whales, and there has been a lot of speculation that has lead to the theories that a lot of Chinese people are behind the small and large price movements of BTC, although - just theories.