[Analyst Says Bitcoin Sell-Off Nearing Saturation, May Present Long-Term Buying Opportunity] K33 Research Director Vetle Lunde pointed out in a report that over the past month, Bitcoin has underperformed the Nasdaq Index on 70% of trading days. Currently, Bitcoin's performance relative to the index is 30% weaker than it was on October 8. He stated that the recent Bitcoin sell-off is nearing saturation, with panic selling signals in the spot market and ETP trading flows supporting this assessment. He believes Bitcoin's underperformance relative to stocks has deviated from fundamentals, potentially offering a long-term relative buying opportunity.