The market panic on November 17 led to a loss of US$860 million

Chain analyst Murphy said that the second wave of panic on November 17 caused the entity's adjusted realized loss (EARL) to reach US$860 million, exceeding the US$820 million on November 14. Market panic continues to spread. The current time period coincides with the timing of the bull-bear cycle theory in the past four years, and many investors and institutions still recognize this rule. If EARL gradually decreases or decreases overall during the price decline, it can be considered that the panic market is about to clear out. If the price declines, it is a sign that a rebound has begun.