Odaily Planet Daily News QCP Capital stated in its official Telegram channel: "Since our last post, Bitcoin has fallen below $93,000, with long liquidations exceeding $430 million. This drop coincided with the end of five consecutive days of net inflows for the spot ETF, which recorded an outflow of $438 million on Monday, while MicroStrategy's stock price fell by 4.4%. This pullback occurred after MicroStrategy's record Bitcoin purchase of $5.4 billion last week. With the US holidays approaching, there are no immediate catalysts to drive prices higher, and BTC's path to the symbolic $100,000 level has stalled. ETH's implied volatility has sharply shifted towards put options rather than call options, reflecting similar sentiment as the market catches its breath. Concerns about BTC's downside risks may intensify, especially with tonight's FOMC meeting minutes and Wednesday's PCE data set to be released. However, in the long run, this is not an excessive pullback. Bitcoin has merely retraced to levels seen earlier last week. Since the election, the market has become extremely overbought and excessively leveraged, making a trading pause inevitable."