The miners are also some of the biggest stakeholders and buyers. And most of them are from China, that's why their New Year is such a big deal in relation to the price. Sure, as @hustletoparadise mentioned above, margin trading has also affected the price and these big financial companies aren't doing the price any favors. But I'm not panic selling and will HODL for as long as it takes to make a profit out of my investment.
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