The fact that, thanks to the ban of the Chinese government on Bitcoin mining, this activity is now sharply reduced in the territory of China itself, I also consider it good information, despite the temporary drop in prices in the cryptocurrency market. Previously, a significant amount of bitcoins were mined in China, and due to the unfriendly attitude of the Chinese authorities towards cryptocurrency, this country has already become a constant source of negative information regarding cryptocurrency. Bitcoin mining should not be concentrated in one country, and even in China.
The Chinese government is unlikely to change its negative attitude towards cryptocurrency. This is a government policy and it is based on pursuing the course of its reforms and the release of its digitized yuan, where there is simply no place for cryptocurrency.