Odaily News QCP Capital posted on its official Telegram channel: "Since our last post, Bitcoin has fallen below $93,000, with over $430 million in long liquidations. The drop coincided with the end of a five-day streak of net inflows for spot ETFs, which recorded $438 million in outflows on Monday, while MicroStrategy shares fell another 4.4%. The pullback follows MicroStrategy's record $5.4 billion Bitcoin purchase last week. With the US holiday approaching and no immediate catalyst to push prices higher, BTC's path to the symbolic $10w level has stalled. ETH implied volatility has shifted sharply toward puts rather than calls, reflecting similar sentiment as the market takes a breather. Concerns about BTC's downside risks may intensify, especially with the FOMC minutes tonight and PCE data on Wednesday coming out. However, in the long run, this is not an excessive pullback. Bitcoin has simply fallen back to the level at the beginning of last week. The market has become extremely overbought and leveraged since the election, so a pause in trading is inevitable."