This reminds me of 2013 when after the news from China, everyone here was like "this is actually a good news, they give it a legal status..blabla", while the price kept sinking days, weeks and months after that.
PBOC is investigating the biggest exchanges in China, which have been showing an insane volume, have driven the price in all kinds of directions at random times and have been promoting bitcoin in China, while the PBOC is doing everything possible to prevent capital outflow! What could possibly go wrong?!?!
Who is actually spreading FUD? One of the exchanges say they were "discussing" with PBOC... wtf?! They were not discussing, they were being investigated!
They also said "stay rational"? What is rational? To buy bitcoin now and pray all gods that the PBOC won't find anything suspicious and they will just say "Everything is fine, you can just keep on doing what you are doing, keep buying bitcoins while we try to stop capital outflow at all costs"? Really?!
PBOC have already prohibited all promotion of bitcoin as an alternative to their currency, which was the reason why price went up on the first place. What do you expect now? PBOC blessing bitcoin?