QCP Capital published an analysis that pointed out that the recent decline in the price of Bitcoin, with long liquidations exceeding $430 million, coincided with the end of five consecutive days of net inflows in spot ETFs, which recorded an outflow of $438 million on Monday, while MicroStrategy fell another 4.4%. With the US holiday approaching and no immediate catalyst to drive prices higher, BTC's path towards the $100,000 level has stalled. In addition, ETH implied volatility has shifted to put options rather than call options, and the market's concerns about downside risks are likely to intensify, especially with the upcoming release of Federal Reserve FOMC meeting notes and PCE data. However, in the long run, this market decline is not an excessive correction. Bitcoin has only retreated to the level it was at the beginning of last week. Since Trump's election victory, the market has become extremely overbought and over-leveraged, so a pause is inevitable.