From a cryptocurrency perspective, the decline following the Binance hack has ended, but the future trend will depend not on the cryptocurrency market, but on the US stock market. There are two negative factors: First, the sharp drop in US tech stocks last Thursday and Friday makes it difficult to say that the correction is complete, and Monday will likely see further declines. Second, Anthropic plans to list in mid-November (most likely the week of November 16th), which will likely drain $600-1000 billion from the market, giving the already fragile AI bubble another blow. Looking back at the recent SPCX IPO, $86.2 billion was withdrawn from the market on June 12th. The withdrawal period was from May 20th (S-1 public offering) to June 10th (institutional order deadline). BTC fell 24% from May 26th to June 5th (from $78080 to $59131). Anthropic's fund withdrawal period was from October 26th (S-1) to the week of November 16th (institutional order deadline). Using a more nuanced approach, the decline began on November 1st. Of course, BTC had just risen significantly when SPCX went public, while it had just fallen significantly when Anthropic went public. Therefore, we cannot simply rely on outdated methods, but we should still be prepared for potential declines. I plan to open a short position to hedge if BTC breaks below the previous low support level, just like on October 31st (https://(x.com)/Jiangzhuoer2/status/2116278954298663226). I'll close the short position when it drops to 74-75k, or if it rebounds. :)