[10x Research: This decline is a typical correction after the bull market is overbought, and the market performance in Q4 is still optimistic] On September 30, Bitcoin once fell from above $65,000 to a minimum of around $62,200. According to a report from 10x Research, this decline seems to be a typical bull market correction after overbought conditions. Markus Thielen also expressed his optimism about Q4. The optimism about the fourth quarter mainly stems from the expectation that the Federal Reserve will cut interest rates by another 50 basis points and China’s recently announced large-scale stimulus measures. The market may learn about the Fed’s action plan later today, as Fed Chairman Powell plans to speak on economic issues at the annual meeting of the National Association for Business Economics in Tennessee (tomorrow at 1 a.m.).