Summary of market views on the recent fall: Bitcoin is approaching a key support line, and it may fall as low as below $90,000.

On November 3, Bitcoin led the crypto market to fall this morning, dipping to a low of $107,494, with a daily decline of 2.21%. BlockBeats summarizes the main analysis points before and after this drop as follows: On October 30, glassnode released a market view stating that the market continues to struggle above the short-term holdings cost price (about $113,000), which is a key battleground for both bulls and bears. If it fails to hold above this level, it may further retreat to the actual price of active investors (around $88,000). CryptoQuant CEO Ki Young Ju released a series of on-chain data last night indicating that the average cost of Bitcoin wallets is $55,900, which means holders are averaging a profit of about 93%. On-chain capital inflow remains strong. Prices cannot fall due to weak demand. Today, 10x Research CEO Markus Thielen stated after the market decline that Bitcoin is approaching the support line since the big dump on October 10. If it breaks below $107,000, it may dip to $100,000. Chinese crypto KOL Banmuxia publicly stated today that 'the traditional four-year cycle bull run has ended, and Bitcoin will gradually fall to $84,000, then undergo several months of complex fluctuations, and follow the bubble of the U.S. stock market to surge to $240,000 by the end of next year or early the year after.'