The shutdown has finally reached the House of Representatives, which is led by the Republican Party. This means that as long as there are no unexpected issues within the Republican Party, this shutdown event will come to an end. The House vote is expected around November 12. If it passes, it will be handed over to Trump, who has clearly stated that he will support ending the shutdown. The end of the shutdown will also stimulate market liquidity, and the U.S. government should be able to resume operations by Wednesday at the earliest.

In addition to the shutdown, this morning, Bessenet announced the compliance of cryptocurrency spot ETF staking, which is also a boost to market sentiment and liquidity. This feature had been loosening for several months, but it has only now been implemented. Of course, while the feature is now in place, the rules may still take some time to finalize. However, it is expected that we will likely see the launch of $ETH and $SOL spot ETF staking functions within the year.

Looking back at Bitcoin's data, the turnover rate has started to decline significantly. Although the chart appears colorful and vibrant, the actual number of investors participating in the turnover is not very high. This indicates that despite a slight drop in price, most investors are still anticipating that the release of liquidity and sentiment after the shutdown will drive prices up, so the majority of investors are still expecting a rebound.

Today's decline has once again broken through the support level, but this has been explained for a long time. Currently, the support between $104,500 and $111,000 remains very strong, and there are no signs of panic among investors. As long as the support level is not breached, the probability of a price recovery is still quite high.

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