After reaching a peak of $69,546 yesterday morning, Bitcoin encountered selling pressure, and late last night briefly dropped below $67,000. Earlier around 8:30, it once again approached the $66,500 level, quickly falling below the low of October 17 before bouncing back, which may have forced many investors to exit the market. Before the deadline, the price rebounded to $67,296, down 2.46% in the past 24 hours. Currently, Bitcoin's upward trend seems to be interrupted; whether this is just a temporary correction or a move by major players to suppress prices while market sentiment is high, waiting to push up closer to the U.S. elections, remains to be seen.

Last night, Bitcoin's price fell to $67,000, erasing the gains of the previous three days. Some analysts indicated that one reason for the correction is investor concern about the impact of traditional markets, which has reduced exposure to Bitcoin. However, indicators of Bitcoin derivatives remain very stable. Despite concerns that many economies may lose momentum or a weakening confidence in government debt refinancing capabilities, the demand for Bitcoin derivatives as a hedging tool remains stable. If whales or arbitrageurs expect further declines, these indicators will reflect greater volatility. Bitcoin futures have not shown signs of bearish bets; in a neutral market, Bitcoin futures premiums typically range between 5% and 10%, and were only slightly affected on October 21. The increase in monthly BTC futures prices reflects an extended settlement period, and when premiums exceed 10%, it indicates bullish sentiment.