BTC drops to over 80000, is the market really bearish? In the past month, the market has slid from extreme greed to extreme fear. We have compiled the latest perspectives of 12 analysts, traders, big Vs, and institutions to see how they judge the future market? Tend to be bullish Tom Lee, Chairman of the Board of BitMine @ fundstrat, tweeted that this decline may be caused by large players sniping at the balance sheets of market makers, hoping to trigger a strong consolidation and a series of liquidations. He believes that this is a short-term pain that will not change the ETH super cycle, but reminds that it is not suitable to add leverage at the moment, and expects the market to recover after Thanksgiving. BitMEX co-founder Arthur Hayes @ CryptoHayes predicts that if a credit crisis occurs in the market, Bitcoin may surge to $200000 to $250000 by the end of the year, but he also acknowledges that it may fall to $80000 to $85000 in the short term. His year-end forecast is optimistic, provided that the risk assets collapse and quickly rescue the market, which may slightly deviate from the actual timeline. Legendary trader Pigeon @ 0xENAS believes that the market has entered a severely oversold zone and has started to increase positions in ETH and SOL, with a long position layout. He believes that it is now possible to re-enter the market and participate in the market. Post-2000 trading genius Vida @ Vida_BWE stated that they have just increased their holdings of BTC and small cap Meme coins, believing that the market sentiment is overly panicked and that the current price has the cost-effectiveness of rebounding. He is bullish on the performance of Crypto in the coming months and believes that the real big opportunity is when MicroStrategy or Bitmine is liquidated, but the probability of it happening within a year is relatively low. DeFinance Capital CEO Arthur @ Arthur believes that Bitcoin is about to experience a rebound, with the $90k - $92k range being the strongest support within the price band and showing significant potential to stop the decline. Tend to be bearish Independent researcher Haotian @ tmel0211 believes that in the past month, the cryptocurrency market has rapidly turned into extreme fear, reflecting that the secondary market has essentially entered a bear market, and the primary market is also facing structural contradictions and reassessment, ushering in a time of reshuffling. The narrative with high future certainty is RWA and x402, Agent payment. QCP Capital @ QCPgroup $88000 and $74500 are two key support levels for BTC. In addition, after the US government opens its doors, it will release a lot of accumulated economic data, which may trigger market fluctuations. Neutral observation Analyst Phyrex @ Phyrex-Ni believes that the current market is only rebounding rather than reversing, and a true reversal requires the Federal Reserve to enter into comprehensive quantitative easing, maintain low interest rates, and not accompany an economic recession. In the short term, I only dare to buy BTC and avoid counterfeit currencies. It is expected that if there is no recession, the market may bottom out before Q3 next year. If there is a recession, counterfeit currencies may fall by more than 50%. Analyst Murphy @ Murphychen888: Market sentiment has been pushed to its limit, with approximately 30% -40% of BTC chips entering the loss zone, approaching the level of "emotional rebound" that has often occurred in past cycles. But due to a large number of chips waiting to rebound before running, truly restoring confidence requires a monthly unit. Analyst Crypto-Painter @ CryptoPainter believes that the 4-hour MACD bottom divergence will be confirmed, and there is a chance for a short-term rebound to 99k-100k. But to reverse the bearish trend, BTC needs to break through and stabilize above 107500. He sees a short-term rebound and continues to be bearish in the long term. Trader Paul Wei @ Colish stated that the current situation is a critical window for Trump to play his "bad cards" (such as inflation, fiscal issues, high interest rates, structural pain points), and the real "good cards" (such as interest rate cuts, water releases, fiscal stimulus and other favorable policies) may be left until the 2026 assessment; At the same time, the market is shifting from traditional bull bear cycles to more complex and fast-paced games, rather than simply judging bull or bear markets. Trader Eric @ CycleStudies considers that if historical patterns continue to hold, the next monthly line level opportunity window for Bitcoin may have to wait until mid-2026. ⭐ Quick summary: 1. Most people believe that the market is not yet a reversal, but rather a fuzzy range between "bull tail+bear head". 2. The bear market atmosphere is established, but there is a possibility of technical rebound in the short term. 3. The real window of opportunity may have to wait until 2026. 4. At the current stage, it is the mainstream consensus to maintain a light position, low leverage, and focus on short-term gains. When the market is at its coldest, it is often not far from the turning point of the cycle. Do you think BTC's next move is to rebound through insertion? Or continue to explore? Welcome to share your judgment in the comment section!