I honestly think that people are starting to get really sick of China's behavior.
What's really amazing is that they don't understand that they are cutting themselves out from a super-growing market, letting all major investor taking all their money to other countries (like the mining exodus happened recently).
Should we really expect a bear market?
China owns its own currency, and they are also for the benefit of its own country. China's strength cannot be underestimated, and the economy is strong enough. They do not want citizens of their country to generally accept cryptocurrency, so that their country's currency will naturally be adopted at a lower rate. It’s not surprising that some people support cryptocurrency and others oppose it.