Analysts: The recent decline is not a structural disaster, but rather profit-taking after a sustained rise in September-October
2025-11-03 12:02:26
BRN research director Timothy Misir pointed out in the analysis report that the recent market decline is not a structural disaster, but profit-taking after the continuous rise from September to October, but also exposed that the short-term upside space is still highly dependent on stable spot demand (ETF, Treasury bond, corporate bond buying), "whale" group still controls a large proportion of bitcoin supply and increased holdings in October by about 110,000 bitcoins, the market is currently in the digestion stage Structural bulls still exist, but confidence is insufficient, and prices need new spot demand from ETFs or enterprises to break through the rise.
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