#加密货币市场分析 The recent fall in the crypto market is indeed alarming. After reviewing JPMorgan's analysis, it seems that this wave of decline is mainly caused by retail investors selling Bitcoin and Ethereum spot ETFs. Market sentiment is clearly leaning towards panic, with a net outflow of $4 billion from ETFs reaching a historical high, and the scale of this dumping pressure is significant.

However, upon closer observation, it seems that native crypto traders have begun to stabilize, and the trend of deleveraging has eased in November. This signal is worth noting, indicating that the core participants in the market may be looking for a new equilibrium.

Regarding bottom predictions, opinions among various experts differ, ranging from $75,000 to $90,000. Personally, I tend to agree with Hanmuxia's judgment of a complex oscillating market, which may see a rebound up to around $110,000, followed by a gradual decline to near $84,000.

In this market situation, it is advisable to adopt a staggered buying strategy, gradually positioning in the range of $85,000 to $95,000, while closely monitoring changes in market sentiment and capital flow. Risk management is particularly important, and remember not to go all in; maintain sufficient liquidity to cope with possible further falls.

Overall, although there are significant short-term market fluctuations, the fundamentals of encryption assets have not changed in the long run. Stay calm and rational, manage your positions well, patiently wait for the market to stabilize, and believe that a new round of rising opportunities will eventually come.