Vetle Lunde, Head of Research at K33, stated that the October "bottoming out" has brought Bitcoin to a critical turning point, with the price falling 10% in the past week and dropping below the $100,000 mark again. Bitcoin may fall further following the recent Federal Open Market Committee (FOMC) meeting. Although the Fed cut interest rates by 25 basis points at the meeting, the cut was still significant due to policy uncertainty caused by the US government shutdown. Furthermore, K33's derivatives market indicator (which compares the current market structure to historical cycles) shows that the market exhibits both bottoming patterns and early-stage decline characteristics, exacerbating the uncertainty. (The Block)