This wave of market movement in the early morning truly left people bewildered. Bitcoin plummeted from $91,213 to the $87,000 mark within two hours, even dipping to $86,939 at its lowest. In just 120 minutes, it fell 4,274 points, a decline of 5.02%. Various warning alerts rang out one after another, and the trading group was filled with cries of Get Liquidated.

Leverage warriors bet on a 3x long position, and their accounts are instantly wiped out, going from six figures to four figures; there are also newbies who chased the high and got trapped at the peak of $90,000. This December start has completely eaten back the little rebound from November.

But after being in this circle for so many years and experiencing countless bull and bear markets, what I want to say is: the real opportunities are often hidden in the big falls.

**This fall is not accidental**

Don't pass the buck to any market makers controlling the market; this time it's a collective resonance of global capital sentiment, and every trigger point is clearly traceable.

First of all, the Federal Reserve has shifted its stance dramatically. The 25 basis point rate cut that was just implemented last week is now being questioned by multiple core members internally. The uncertainty in policy has directly triggered market panic, with risk assets suffering across the board — the traditional stock market is experiencing a sell-off, and BTC and ETH naturally follow suit, wiping out the gains from the previous rebound.

Secondly, the regulatory knife is hanging again. As the end of the year approaches, regulatory voices are bombarding from all directions. History tells us that whenever traditional financial giants start to enter the crypto market on a large scale, the regulatory boots begin to drop. This pattern has never changed.