The government shutdown has finally reached the House of Representatives, which is controlled by the Republicans. This means that as long as there’s no drama within the Republican Party, this shutdown will come to an end. The House vote is expected around November 12, and if it passes, it will go to Trump, who has clearly stated he supports ending the shutdown. Once the shutdown ends, it will also stimulate market liquidity. The U.S. government could resume work as early as Wednesday. Aside from the shutdown, early this morning, Besent announced the compliance of cryptocurrency spot ETF staking, which is also a boost to market sentiment and liquidity. This feature has been loosening for months, but it’s only officially landing today. Of course, while the feature is live, the rules may still take some time to finalize. However, it’s expected that we’ll likely see ETH and SOL spot ETF staking rolled out within the year. Looking at Bitcoin data, the turnover rate has started to drop significantly. Although the charts look colorful and busy, the actual number of investors participating in turnover isn’t high. This indicates that while the price has slightly dipped, most investors are still anticipating a rebound in price driven by the release of liquidity and sentiment after the shutdown ends. So, the majority of investors are still holding out for a recovery. Today’s drop has broken through the support level again, but this has been explained for a while now. The support between $104,500 and $111,000 remains solid, and there are no signs of investor panic. As long as the support level isn’t breached, the probability of prices bouncing back is still high. Sponsored by @Bitget｜Save the most on fees, grab the best rewards, become a VIP at Bitget!