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[Analyst Says Bitcoin's Poor October Performance May Signal a Key Turning Point] K33 Research Director Vetle Lunde stated that Bitcoin performed poorly in October, dropping 10% over the past week and once again falling below the $10,000 threshold. The Federal Reserve recently cut interest rates by 25 basis points, but the U.S. government shutdown has triggered policy uncertainty, which could lead to further declines in Bitcoin. Additionally, K33's derivatives market indicators show both bottoming patterns and early-stage downward characteristics, intensifying uncertainty about future trends.