Cryptocurrency concept stocks have seen mixed results, with spot Bitcoin briefly falling below $94,500

Two days ago, I wrote that Bitcoin would pull back by about 20%, and it has been pulling back yesterday and today, but how much it will pull back remains to be seen.

On Monday (November 25), Bitcoin fell over $2,000, a decrease of more than 2.2%, approaching the bottom of $93,850.62 from November 21. Ethereum, on the other hand, maintained a gain of over 3.9%, stabilizing around the $3,500 level, reaching $3,546.022 at 00:04 Beijing time. On that day, cryptocurrency concept stocks/blockchain concept stocks experienced mixed results, with Kodak closing up 18.6%, Beyond Inc. rising over 9.4%, Ebang International ADR rising over 8.6%, Applied Digital rising over 8.4%, Ethereum ETF FETH up 6.65%, Robinhood rising about 3.3%, cryptocurrency exchange giant Coinbase rising about 2.5%, while TeraWulf closed down 6.17%, and BTC Digital fell 8.26%.

Where will this wave of Bitcoin go?