[Analyst: Market Decline Due to Liquidity Tightening and Hawkish Remarks from the Federal Reserve] Analyst Cato_KT stated on the X platform that the market decline early this morning was primarily caused by liquidity tightening and hawkish remarks from the Federal Reserve. Specific reasons include: 1. The U.S. Treasury auction led to liquidity tightening, with a total of $163 billion in 3-month and 6-month Treasury auctions, absorbing a significant amount of funds and putting pressure on risk asset prices; 2. Hawkish remarks from Federal Reserve Governor Goolsbee reduced the probability of a December rate cut from 69.8% to 67.5%, undermining market confidence. The combination of these two factors resulted in a decline in risk assets, with Bitcoin showing a more pronounced impact. Potential solutions include the government resuming operations and the Federal Reserve slowing down the release of repurchase quotas to ease short-term liquidity issues.