Click on the link to enter the meeting: https://meeting.tencent.com/p/7277739262 This round of decline is caused by the combination of multiple factors, understanding them can help predict the future market. ·Forced deleveraging and derivative clearing: The market has undergone a drastic deleveraging process. When the price of Bitcoin began to decline, it triggered the forced liquidation of a large number of derivative contracts, which in turn accelerated the sell-off in the spot market, forming a downward cycle. ·Long term holders selling: A warning signal is that some long-term holders and "whales" are starting to sell when the market weakens. Their continuous supply has suppressed the rapid rebound of the market, which may lead to a longer bear market dominated by oscillation and bottoming out. ·Institutional risk management behavior: Although over half of hedge funds have allocated cryptocurrency, the average allocation ratio is very low (mostly below 2%). When market volatility intensifies, these institutions will systematically reduce their positions based on risk management models, which is a gradual rather than panic selling, but will prolong the downward trend. ·The collision of policies and cycles: Although the US government has introduced supportive policies (such as strategic Bitcoin reserves) in 2025, policy incentives cannot eliminate the inherent cycles in the market. In an environment of tight liquidity and excessive leverage, the market will naturally experience a pullback. ·The impact of traditional financial markets: Some argue that if the currently popular AI and technology stocks experience a pullback, cryptocurrencies, as highly volatile assets, may be affected in tandem. Meanwhile, the correlation between cryptocurrencies and traditional macro factors such as interest rates and US dollar trends is deepening. The current expected US unemployment rate is -1.5, the first negative value since February last year, but due to the US government shutdown, the data could not be released. So how do we deal with the current market situation, how do we find entry points, and how do we avoid the risk of making orders? The live broadcast room is currently explaining Tencent Meeting Live: 727-773-9262 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

[This Week's U.S. Ethereum Spot ETF Net Outflow: $507.7 Million] On November 8, according to Farside monitoring data, the cumulative net outflow of U.S. Ethereum spot ETFs this week reached $507.7 million.

A Bitcoin whale has transferred over 3600 BTC to a centralized exchange, and the specific exchange name has not been disclosed. （Cointelegraph）

Large bitcoin holders continue to offload as smaller investors accumulate, creating a stark divide in market behavior.

Federal Reserve Chairman Powell stated that banks are free to provide Bitcoin and cryptocurrency related services. （Bitcoin Archive）