Beimnet Abebe (Galaxy Trading) joins Alex Thorn (Galaxy Research) to break down crypto’s latest drawdown and whether markets have found a floor after a volatile start to November. They discuss Bitcoin’s drop below $100K, the reflexive “flywheel” that’s now turned against digital assets, and why liquidity remains thin across markets following October’s mass liquidations.

Beimnet shares his near-term outlook for Bitcoin—highlighting $95K as a key technical level—and explains why reflexivity cuts both ways as the market resets. The conversation also touches on overextended valuations in equities, renewed optimism around AI and quantum stocks, and how investors can manage positioning amid uncertainty.