[Bank of America Allows Wealth Advisors to Recommend Allocating 1%-4% in Crypto Assets] Bank of America has announced that it will allow wealth management advisors to recommend allocating 1% to 4% of crypto assets to clients, with the new policy set to take effect in January next year. Chris Hyzy, Chief Investment Officer of Bank of America Private Bank, stated that a moderate allocation of 1%-4% in digital assets is suitable for investors interested in innovation themes and capable of handling high volatility. Risk-averse investors are advised to allocate a lower proportion, while those with higher risk tolerance may opt for a higher proportion. Advisors will initially focus on four spot Bitcoin ETFs: BlackRock's IBIT, Fidelity's FBTC, Bitwise's BITB, and Grayscale's BTC. This move aligns Bank of America with institutions such as BlackRock and Morgan Stanley. Hours ago, Vanguard announced that it would allow clients access to crypto ETFs.

**[Bitfinex Alpha: The Crypto Market May Be Approaching a Cyclical Bottom]** Bitfinex Alpha stated in an article that, from a time perspective, the crypto market may be nearing a cyclical bottom, although it remains to be seen whether prices have truly bottomed out. The market has shown signs of extreme deleveraging, panic selling by short-term holders, and exhaustion of selling pressure. On-chain data indicates that the adjusted Spent Output Profit Ratio (aSOPR) has fallen below 1 for the third time since early 2024, resembling previous cycle lows. Meanwhile, the "entity-adjusted realized loss" metric has surged to $403.4 million per day, surpassing previous low levels, suggesting that panic selling may be nearing its end. Derivatives data shows that Bitcoin futures open interest has dropped to $59.17 billion, down from the peak of $94.12 billion, indicating that leveraged positions are being cleared in an orderly manner. The market is transitioning into a more stable consolidation phase.

OKX-BTC/USDT is currently trading at $89014, with a 5-minute increase of 0.43%. Please pay attention to market fluctuations.

The current total market value of cryptocurrencies is $3.15 trillion, with a 24-hour growth of $73.897 billion, an increase of 2.41%. Among them, Bitcoin accounts for 56.45% of the market value, while Ethereum accounts for 11.3% of the market value.

OKX-ETH/USDT is currently trading at $2899.50, with a 5-minute increase of 0.89%. Please be aware of market fluctuations.