[Adam from Greeks.live: Market Fragility May Require Leverage Clearing; Better Opportunities May Arise in the First Half of 2027] According to Jinse Finance, on November 9th, macro researcher Adam (@BTC__options, Greeks.live) published an article stating that Bitcoin has fallen to $75,000, and the market is currently very fragile with multiple negative factors converging, potentially requiring a wave of leverage clearing. He stated that from a cyclical perspective, 2026 is a year of transition from a bull 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 also pointed out that the recent decline has significantly increased implied volatility (IV), reflecting market concerns about further declines; once AI stocks crash, all speculative markets will face a severe reshuffling.