TechFlame reported on November 2 that Lin, Head of Asia-Pacific Business at Deribit, posted on platform X stating that current market liquidity is still 15%-20% lower than before the "October 11 crash." With the U.S. stock market experiencing a volatile earnings season, much of the capital has been diverted. Despite U.S. stocks hitting new highs, as long as the market stabilizes and liquidity gradually returns, there could still be opportunities by year-end. However, a significant rally is unlikely in the near term, and volatility remains relatively high.