I don’t know if it’s 10.11 shaking confidence in the crypto market, institutions secretly selling off, or users in the market suffering heavy losses and losing liquidity—there are many combined reasons. But over the past two years, BTC and the U.S. stock market have actually been moving in sync. After 10.11, they started to decouple. The U.S. stock market hit new highs, tech stocks soared, while the crypto space remained stagnant. If this time it can gain strength, it should quickly pull back to the 10.11 level and continue following the U.S. stock market’s rhythm. If not, cut losses and get out.