Chinese P2P bitcoin trading has seen a significant slump in volume during recent weeks. Since June, weekly localbitcoins trading volume has consistently reached between approximately 25,000,000 and 25,000,000 yuan – less than half of volume during February – May. Chinese P2P trading has dramatically slowed since the end of May – which saw the establishment of a new all time high of approximately 100,000,000 yuan worth of bitcoin being traded in 7 days, before volume roughly halved heading into June.