At 8:00 on October 24th, Beijing time, the ChaiNext 100 index, which reflects the overall trend of the cryptocurrency market, was 678.34 points, down 6.70% in the past 24 hours, with a turnover of 45.994 billion US dollars. The turnover increased by 21.80% compared with the previous 24 hours. Seven of them rose and 93 fell; the ChaiNext 5 index, which reflects the performance of the blue-chip cryptocurrency, reported 599.30 points, down 6.67% in the past 24 hours, with a turnover of 39.069 billion US dollars. The turnover increased by 23.99% compared with the previous 24 hours; the Bitcoin Bubble Index ( The BBI Index reported 79.82 points, down 2.47% in the past 24 hours; the USDT OTC Index reported 100.94 points, up 0.85% in the past 24 hours. Yesterday, bitcoin appeared as a short-term waterfall. In one fell swoop, it fell below the 8,000-dollar support and came to around 7500. From the general trend, since the high point in late June, Bitcoin has gone all the way down, although there have been several objective rebounds in the middle. None of them successfully broke through the previous high to break the downtrend. The recent rebounds have been extremely weak compared to July and August. It seems that the trend of bitcoin shorts is irreversible, but considering the bitcoin cost after halving and the current global economic risk, Bitcoin value is still strong. Support.