Bitcoin fell below 97,000 US dollars and hit a new low in May. Institutional funds outflowed 2.8 billion US dollars in 28 days, and 93,000 US dollars became a key support. Giant whales reduced their holdings, retail investors surged, put options became active, and the bear market became mainstream. If it fell below 90,000 US dollars, it may reach the bottom again.

Wmax Interpretation: U.S. stocks rebounded on Monday due to expectations of a government shutdown, with the technology sector leading the gains; the lack of data coexisted with the cooling of AI valuations, and the market is cautiously optimistic at the end of the year, requiring refined risk control and diversified allocations.