According to Bitcoin's data, the turnover rate has slightly decreased compared to yesterday, but the price continues to drop, and the sentiment of panic has increased somewhat. Yesterday, only investors with a holding cost above 100,000 dollars had slightly more turnover, but now investors with a holding cost around 95,000 dollars have also started participating in the turnover.

Regarding expectations for the bottom, it has risen from the beginning of July to now. Over the past month, the lowest drop was around 112,000 dollars. The last drop was due to non-farm employment data causing investor concerns about the U.S. entering an economic recession, which is quite similar to this situation. Therefore, if it is the same reason, I predict that the 112,000 dollars will still have some resilience before the Jackson Hole annual meeting.