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 repeatedly has a policy of being very unsupportive of the crypto market and appears selfish in its policies. i think china may have a specific purpose and china doesn't want other countries to be able to compete with china in crypto, so china is issuing unreasonable policies