Today's BTC price fell directly below its lowest level since June 25th, creating the lowest price for the second half of 2025. The main reasons for the decline include investors' pessimism about the Federal Reserve's December interest rate cut, liquidity shortages caused by the US government shutdown, and the first technology stock to be sold off, Nvidia, which fell more than 4.5% before closing. Although there is no direct negative information, investors are still concerned about inflation and the decline in the labor market. There is really nothing to say now, as mentioned earlier. There is no real negative news, and there are no trough points in the market. On the contrary, the shutdown has ended, the trade dispute between China and the United States has ended, and tariffs may be cancelled or modified. If there is any negative news, it may be the uncertainty of inflation data and the uncertainty of the December interest rate cut. Nvidia's third quarter financial report will be released on November 19th to see if it can improve investors' confidence in AI. My most essential view is that Bitcoin and technology stocks are highly correlated. If technology stocks really prick the foam, there is no way, but if that day does not come, I am still optimistic. Looking back at the data of Bitcoin, the turnover rate has significantly increased, and panic has emerged again. Of course, the main body of panic is still short-term investors, especially those who have been buying at the bottom in the past two days. There is nothing else to say, mainly because the market sentiment is very poor, and liquidity is very poor. The recovery of liquidity is estimated to take about a week. If technology stocks cannot rebound on Friday, the market sentiment may be even worse. Although the price has dropped significantly, not all investors are panicking from the perspective of chip structure. Most investors are still relatively stable, and of course, this is also the reason why the price decline is limited now. If it is really a comprehensive weakness in technology stocks, it will probably be unsightly. At present, my personal attitude is still to buy at low prices and not to think too much about anything else. Whether it's a bull market or a bear market, buying at the right time is the most important thing. Bitget VIP， Lower rates and more generous benefits