they are the big holders of BTC. and up until now, i believe they still are. with such number of population connected with bitcoin trading, chinese is i believe the top traders. they just manipulate the market. so this ico ban is just one of their strategies to get the btc market.

exactly with their populations and with the wide knowledge about crypto they really made a big impact especially now that their government
are really trying their best to regulate and make a law about this currency as they are feeling threat to their economy.

What you said is true that china is the main center for Bitcoin mining and their are lot of users who are holding bitcoin from low, and their exchange are the highest trading volume in crypto world but this are all old news latest one is South Korea and Japan are leading the bitcoin trading and even they have given bitcoin legal status. That is why the market is now spread between so many countries that china is not able to create any panic in the market.

Aside from the common reasons, probably they think Satoshi is Chinese hence they feel pride but nah. China is just onto something.

I agree with you, they are currently also the largest producer and user of masin mining in the world (due to low electricity costs in China). just a bit of bitcoin-related regulation is bound to have a big impact, and do not forget that there are many Chinese investors.

to my knowledge the reason chinese is very influential on bitcoin, because I think half of the shares of bitcoin is already held by china.
so if china do negative things to bitcoin, then instantly influence to bitcoin.

since china is one of the most powerful in terms of economy every move they make will have a huge impact even in the world of cryptocurrencies. and there are many btc users that are Chinese that is why they affect the price of btc.

China is not influential i think. Its peoples fear that is affecting bitcoin.

communists do not like freedom. communists are odd.