I honestly think that people are starting to get really sick of China's behavior.
I am already fed up with that country! I now have a different perspective whenever I hear or read anything emanating from China, whether based on cryptos or not.
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).
I sincerely wish this actually gets conspicuously pronounced so China will realize the damage she has done to her economy.
Should we really expect a bear market?
I don't think that will be the case. If that news didn't crash the market till date, I don't think there's any other cause for concern. Whatever dip we experience going forward won't be because of that China news, in my opinion. It should be attributed to market correction which is normal.