There's really nothing to say today, and the homework is also relatively easy to write. The main thing is that nothing happened. Although BTC fell during the day, Bitcoin still rebounded after the US stock market rose at night. Of course, the strength of this rebound is very low, mainly due to liquidity and investor sentiment, which has led to a very pessimistic cryptocurrency market now. But it is true that there is still a correlation between cryptocurrency and the US stock market. As long as the US stock market rises, Bitcoin will not be too bad at least. Especially the recent decline is mainly related to US tariffs and geopolitical conflicts. Although they have not been resolved yet, the market has gradually begun to give expectations. The most noteworthy thing that happened today is Iran's purchase of CM-302 supersonic cruise missiles from China, which have the ability to destroy US aircraft carriers. This is also another report of Iran's arms purchase after being exposed yesterday for purchasing missiles from Russia, especially from China. At present, tariff and geopolitical conflicts are the main causes of market fluctuations. However, the decline of the stock market has worsened Trump's headache, especially the mid-term election at the end of the year. I personally think there is not much time left for Trump to struggle. Looking back at the data of Bitcoin, the turnover rate is still relatively high and the trading volume is not low, indicating that the current price still has strong game theory. When selling, there is still a certain amount of buying, otherwise the price would have been unsustainable. However, from the data, the purchasing power is still not strong enough, with passive buying accounting for the majority. Nevertheless, it is optimistic that early investors have not yet reacted with panic. More turnover still comes from short-term investors, especially from the URPD data, which shows that the selling data in other positions is very low, indicating that more holders have shifted to long-term holders, and short-term price changes make it difficult for these investors to surrender. @bitget VIP， Lower rates and more generous benefits