[K33 Research Director: Bitcoin Sell-Off Nearing Its End, Now a Good Opportunity to Position] According to The Block, K33 Research Director Vetle Lunde stated that Bitcoin has recently underperformed Nasdaq significantly, creating a pattern of 'emotion-driven excessive sell-off' that is notably disconnected from fundamentals. This presents an attractive relative buying opportunity for long-term investors. Bitcoin has retraced 36% from its all-time high and is now approaching a sell-off saturation zone. On November 21, the single-day spot trading volume reached $14.3 billion, the sixth highest since 2025, indicating strong signs of buyer support in the market.