On October 25th, Tom Lee stated in an interview with CNBC that the cryptocurrency market experienced a large-scale deleveraging event on October 11th. Some factors contributing to this event include tariffs and trade tensions. This is the most serious liquidation event in the cryptocurrency industry in the past 5 years. The chain reaction after the event is still ongoing two weeks later, with lingering pessimism. However, I believe these phenomena are about to end because the open interest in Bitcoin and Ethereum contracts is at historic lows. At this time, both are showing signs of turning towards a positive trend from a technical standpoint. Therefore, I also believe that cryptocurrencies will experience a rally before the end of the year. Recently, JPMorgan Chase also indicated that they may accept cryptocurrencies as collateral in the future, which is very helpful for market confidence.