Summary of opinions on this round of fall: Bitcoin's final bottom is predicted to drop to $75,000.

On November 21, Bitcoin fell below $90,000 for the first time in nearly 7 months and has continued to decline for several consecutive days with no signs of recovery. When will the fall stop, and what price range will the final bottom fall into? BlockBeats summarizes the main analytical viewpoints before and after this round of decline as follows: Placeholder VC partner Chris Burniske stated that the characteristics of a bull top have emerged, and he plans to get on board when BTC retreats to $75,000 or lower. The big dump on October 11 has caused a lasting impact on the market, making it difficult to quickly form sustained buying. The monthly charts of BTC and ETH show cracks but remain in the “top range.” Meanwhile, the decline in MicroStrategy (MSTR) stock price, as well as frequent warning signals from the gold and credit markets, indicate that a broader asset adjustment is imminent. CEX co-founder Arthur Hayes stated that Bitcoin may first dip to the $80,000 to $85,000 range before rising to $200,000 to $250,000 by the end of the year. In his latest blog post, he noted, “Bitcoin has fallen from around $125,000 to near $90,000, while the S&P 500 and Nasdaq 100 indices are still hovering at historical highs, which leads me to judge that a credit event may be brewing. If the broader risk market collapses, and the Fed and Treasury accelerate their money printing actions, Bitcoin could soar to $200,000 to $250,000 by year-end.” Chinese crypto analyst Banmuxia stated that Bitcoin may first dip to $94,500 before entering a complex oscillation pattern, with the final bottom around $84,000. “This is likely to be a complex horizontal adjustment. At present, it seems to be slightly declining to around $94,500, and then it is highly probable that it will enter an unusually complex oscillation pattern, with rebounds possibly reaching above $116,000, and then slowly falling to $84,000 and below in the 6-8% range.” Tom Lee, chairman of Bitmine, the leading Ethereum holding institution, stated that it will take 6 to 8 weeks to repair the gaps caused by market makers, and relief may be seen after Thanksgiving (November 27). The pain is short-term and will not change ETH's supercycle (i.e., Wall Street building ecosystems on the blockchain). Liquid Capital (formerly LD Capital) founder Yi Lihua stated, “We maintain that this is currently the best position for buying the dip in the spot market and are optimistic about the subsequent market; be greedy when others are fearful. A day in the crypto world is like ten years in the real world; in fact, it has only been a little over a month since the high point, but under the circumstances of all unfavorable information being exhausted, buying is a better choice than selling.” Bloomberg Businessweek's Person of the Year and two-time most influential economist in China, Hong Hao, stated on Xiaohongshu that Bitcoin has fallen to $92,000 and may only gain meaningful support after dropping to the $70,000 range. Trader Eugene Ng Ah Sio recently stated that he is becoming bullish and has increased his long positions in ETH and SOL. “I have increased my long positions in ETH and SOL. The swing indicators have clearly returned to the oversold range, and I believe it is time to start increasing my risk exposure in this market.”