It seems surprising to me that a big country like China banned bitcoin. China has been making such news about bitcoin for a long time. everyone knows this. and because we know this, I find it difficult to take such news seriously. There is a large mass of miners in China, and it can even be considered the largest mass of miners. Therefore, the possibility that bitcoin will be banned in China does not seem right to me. these could be news stories created to create manipulation.
I’m a Chinese. I just hear that China government just ban those financial institutions to use crypto but not individual. This is not a news but an old news. I think those whales use this old news to lower the price and buy more in the dip.