As of now, the BTC turnover rate I have seen should be the highest in recent times. From the details of the URPD, it can be seen that the exit is mainly concentrated among investors currently at a loss and those with a holding cost between $40,000 and $66,000. The reason for the panic, I believe, is no longer the Federal Reserve's interest rates, nor could it be the resolved shutdown issue.

So, it is highly likely a pre-Christmas sell-off. Today is the second-to-last working day before Christmas, and tomorrow, on Christmas Eve, the market will close early. Therefore, some investors may be worried that because of liquidity or emotional issues, there will be a deeper decline entering Christmas. So, a safe option is to exit first and then look for opportunities to buy the dip before the elections, which is also a good strategy.

The subsequent trend will start to be dominated by emotions due to reduced liquidity, and the focus may still be on the Asian market, as I mentioned before. If the Asian market can stabilize, then the U.S. market should not see significant problems after tomorrow. However, if the Asian market is also conveying panic, this Christmas may not be very peaceful.