Additionally the Bitcoin volume is shifting to the western world away from China basically having the monopoly on Bitcoin,
this makes the price less dependent on what the PBoC does next.
you bumped an old topic to say this!!
the volume first dropped because of the removal of zero fees, removal of other trading services and also the PBoC's investigation.
then it dropped more recently because these top Chinese exchanges disabled withdrawals for the time being.
the Volume of China has never dropped though. the fake volume went away but the Chinese are still trading bitcoin whether it is on western exchanges or it is p2p they are doing it.