#加密市场观察 After Bitcoin surged to $126,000 in October, it has dropped over 20% within the month, with ETF funds net outflow, and a wave of leveraged liquidations hitting the market, causing the fear index to fall to 20. The logic of the bull market driven by institutions remains unchanged, but retail investors are flocking to Meme coins, leading to intense long and short speculation. The heat of macro liquidity, regulatory policies, and restructuring of capital is rising. Is it a panic sell-off or a window for positioning now? What do you think......#中本聪 $币安人生