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The market is experiencing fluctuations again, intertwined with many factors, making it increasingly complex. The expectation of a standstill has caused panic among investors. Then there is the latest consumer credit report released by the New York Fed today, and the data in the report is not good. High interest rates have led to various types of credit reaching historic highs in the third quarter. This also indicates that there is indeed a risk of American citizens' lives falling into danger. Whether it is credit card loans, home loans, or student loans, they are all essentially affected by the federal funds rate. If the Fed does not enter a phase of significant interest rate cuts, the risk of credit defaults is likely to occur.
The short-term market began to gradually rebound after a drop in the early morning, with particular attention on the recovery situation around the key level of 105,000. If this level can be reclaimed, it may continue to challenge the upper barrier near 110,000 after a brief pullback or consolidation. Today's spot ETF has seen net outflows, with on-chain whales buying and retail investors selling off completely, leading to extreme sentiment. Risk management should be maintained, and all positions should be firmly held $BTC .