The Bear Market has really arrived‼️

1. Cryptocurrency Market: The characteristics of a Bear Market in this market have become very significant. Bitcoin has fallen over 20% from its historical high in October, entering a technical Bear Market, and there has been a huge net outflow from the US spot Bitcoin ETF, with the total liquidation amount across the network reaching $680 million. The Fear and Greed Index has dropped to 15, indicating extreme fear. On November 21, there were market opinions suggesting that Bitcoin and other cryptocurrencies are likely to continue probing for a bottom, with any rebound seen merely as an opportunity to escape. However, some analysts believe this is a mid-cycle correction within a bull market, rather than a trend reversal.
2. Hong Kong stock market: Approaching a technical Bear Market. The Hang Seng Tech Index has fallen 18% since peaking in October, just a step away from the 20% Bear Market technical line, and companies with outstanding performances like Tencent and Kuaishou have also seen significant stock price declines, with Xiaomi dropping over 40% from its highs. There is a clear trend of individual stocks declining, and the market is filled with pessimistic sentiment. $BTC