Even in the harsh dumping, we are seeing so many investments and buyers for BTC. It has pumped more than $4k in 2-3 hours and currently at a $32500 price range. We are also seeing the news that the miners have moved from China to Kazakhstan overnight and hopefully, they will get the necessary support there.
Of course, this is good news for bitcoin, where bitcoin has been hit by bad news several times. hopefully good news from miners in china who have found a new place will be able to start working well and will restore again. we will wait patiently that bitcoin will be able to recover and altcoins will also be carried away to increase.
China always does the same scheme, bans then after they buy a lot, they will give a promise that there will be a blockchain or crypto-related project that they will support, then they will resell it, very bad. that also happened in 2018 and 2019 didn't it? imo
it seems what you say is very true, maybe this is news that has been revealed several times in china. whether this intention continues to always happen and that intention can always be done !!! hopefully all can continue to learn and not be amazed by what is published, so that it does not become something that is always used to take temporary profits and this is not good for the development of crypto in general.