BTC experienced significant volatility yesterday, primarily due to the expiration of $14.5 billion in options. After fluctuating around $30,000, BTC plummeted from $97,500 to a low of $93,500. Analyst Ali believes that if BTC falls below $92,730, it will be an extremely dangerous signal. During the rapid surge following Trump's election victory, the quick passage through $73,000 to $88,000 did not create sufficient support levels. If BTC breaks below $88,000, the market could experience further panic selling. Just as we saw the rapid rise, the decline could be equally smooth, and we may see BTC in the $70,000 range. Historically, each complete bull market cycle has gone through several pullbacks, which have helped lighten the load of this runaway train. Currently, the pullback range in this BTC upward cycle is concentrated between 20% to 32%, with an average of 24.4%. Compared to the pullback ranges in past bull market cycles, this is already much milder. Due to the instability of the South Korean political situation and the rapid depreciation of the Korean won, there is a positive premium on Korean kimchi. Political turmoil has caused the exchange rate of the won against the dollar to drop to a 15-year low. South Korean investors are worried about the continued depreciation of the won and are choosing to buy BTC and USDT to preserve their assets. Musk recently mentioned that the US debt has surpassed $36 trillion, and if not resolved, the US economy could fall into serious trouble. It seems urgent to include BTC in the US strategic reserve assets to alleviate the debt. Japan is also discussing incorporating BTC into its national reserve assets, with a cautious official stance, waiting to see the results from the US next year. If Trump fulfills his campaign promise to incorporate BTC into strategic reserve assets next year, it is believed that major world economies will follow suit, and the influence of BTC will no longer be comparable to its current status. In the short term, there is a significant probability of a BTC pullback, but this is merely a healthy correction within the bull market cycle, which does not affect the arrival of a major bull market in 25 years.