According to a report released by Bitfinex, Bitcoin prices fell by more than 10.4% in the past two days, breaking below the low of October 10th to $99,045, with a total of $2.8 billion in Bitcoin long positions liquidated. Analysts point out that this decline may be due to reduced market expectations for a December interest rate cut and safe-haven demand triggered by Bitcoin's continued weakness relative to the stock market (which rose due to a strong earnings season). The overall market capitalization decreased by $280 billion. This deleveraging event is similar to the correction in April, indicating that leverage and high valuations are being cleared, but also suggesting that the market may have bottomed out. However, once the price finally broke below the key $100,000 mark, buyers began to enter the market, indicating that the deleveraging phase is nearing its end, as the total open interest has also fallen to $69.3 billion, down from $92 billion in early October. The outlook remains optimistic, and if ETF inflows resume, an accumulation zone will form.