According to ChainCatcher, crypto research firm 10x Research said that Bitcoin has fallen 20% in the past month, including a 13% drop during the Asian trading session, indicating that many retail traders in Asia have been liquidated. At the same time, Ethereum fell 22%, including a 16% drop during the Asian trading session.

Since Bitcoin appears to be oversold in the short term, a counter-trend rebound is expected next week due to potential macroeconomic benefits. In addition, the U.S. Securities and Exchange Commission may approve an Ethereum ETF, which may trigger positive momentum in the short term. However, in the medium term, this is not a major buying opportunity.