According to Odaily Planet Daily, crypto market research firm Santiment published an article on the X platform stating that Bitcoin hit $58,900 early this morning, hitting a three-week low. However, market data showed that traders viewed this decline as an opportunity to buy on dips, and the narrative turned bullish. In addition, the US CPI data was also in line with expectations, and the market still believed that interest rates would be cut by 25 basis points in November.