Just to be clear, what I was saying in the post above is that the Chinese aren't really buying that many bitcoins and that the volume doesn't represent real money entering the market.
If the top seller for rmb vouchers on btcchina has only sold 4million rmb of vouchers in the last 30 days then how can there be volume of 64million rmb in the last 24 hours? Sure maybe there's been 64million traded in the last 24 hours but there doesn't seem to be much new money coming in.
no way! look at fiatleak! clearly china is buying ALL THA BITCOINZ
Glad to see someone making sense.
Huobi has zero fees, so their volume is just bots scalping each other.