According to CoinMeta, on-chain analyst Yi Lihua ( JackYi ) stated that the current market is in a bull trend, but the short-term correction has not yet ended. He tends to believe that the price of Bitcoin could fall below $79,000, but he insists on the view that "during a bull market, one should watch for corrections rather than go short," waiting for the right opportunity to buy at lower prices. He also mentioned that if the price falls below $79,000, he will begin to reduce his holdings, and if the daily closing price breaks below $78,000, he will completely exit the market. The Wintermute report indicates that the global digital assets bull market is still in its early stages. Whether Bitcoin can further strengthen in the future may depend more on traditional financial markets rather than internal narratives within the crypto market, with the U.S. mid-term elections on November 3rd being a key variable. Additionally, the report warns that the upward momentum of low-quality altcoins is nearing its end.