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?
To my mind China will stop at nothing just to have complete control over people. They want to control and regulate not only finances, but also their private life. It is due to its political structure. We see that their new regulations against crypto cause new falls all the time. But actually, I saw statistics that bitcoin's price have recovered more than 20 times after constant chinese statement against it.