[Greeks.live: Market Fragility May Require Leverage Clearing; Better Trading Opportunities May Appear in the First Half of 2027] According to a post by macro researcher Adam (@BTC__options, Greeks.live) on November 9th, BTC has fallen to $75,000, and the market is currently very fragile. Multiple negative factors are converging, potentially requiring a wave of leverage clearing. From a cyclical perspective, 2026 is a year of transition from a bull market to a bear market, and the current price has not yet reached the low point of this cycle. Better trading opportunities may emerge in the first half of 2027. He points out that the recent decline has significantly increased implied volatility (IV), reflecting market concerns about further declines. He also mentions that once AI stocks crash, all speculative markets will face a severe reshuffling.