In October, a wave of black swans caused BTC returns to drop from +5.16% in September to -3.69%, with the current return in November at -2.35%
Now, the $BTC has returned to the 10 range, and what everyone is most concerned about is whether the market is bearish. In fact, for the current market of Bitcoin, it is still too early to say whether it is bearish. After BTC stepped into the 100,000 threshold, it was equivalent to entering a new level, with retail investors' chips slowly concentrating in the hands of institutional large holders. The focus now should be on the 100,000 USD line. Whether it is institutional costs or miner costs, they are basically at this line. If this line holds, the market cannot yet be called bearish.
Since BTC surged to 100,000 in May, it only dipped to the 100,000 threshold once in June and quickly recovered. The rest of the time, it has maintained fluctuations above 100,000.
Recently, Bitcoin has been continuously declining sharply, and if there is panic, it is the large institutional holders who panic first. So if the sky falls, it is the tall ones who support it. Retail investors do not need to panic too much. The return rate in October has been positive for five consecutive years, and this year marks the first negative in nearly six years. Who knows, November and December might surprise everyone!!!!
