Cryptocurrencies are collapsing

I'm new to the space but as I understand it this sustained decline happens for a few weeks this time of year, each year.

The reasoning being that the Asian markets sell off and take their gains to pay for their holidays (Lunar New Year) and that their volume dominates the rest of the market.

I think the title is misleading given that there's no article content.

Previous discussion from 2 hours ago https://news.ycombinator.com/item?id=16156687

So when the price rises 20% we say it's normal. But when the price goes down 20% it's collapsing?

-20% haircut days are just a normal Tuesday. It comes with the +60% days.

Is this because of the China FUD?