Today sees a significant downturn across both crypto and traditional markets, marking a clear shift towards a risk-off environment. In crypto, Bitcoin (BTC) experienced a sharp correction, plunging below the crucial $99,000 mark to finish around $98,090, after starting above $102,000. Ethereum (ETH) mirrored this bearish trend, dropping from over $3500 to close around $3196. This broad sell-off is reflected in the Alt Coin Season Index, which fell to 37 from 41, indicating capital rotating out of altcoins. Adding to the bearish sentiment, BTC ETF flows recorded a substantial -$289 million outflow for November 11th. While the BTC Long/Short Ratio remains elevated at 2.32, suggesting some lingering bullish positions, price action is firmly bearish. The BTC Rainbow Chart still signals "BUY!", hinting at long-term value despite the short-term pain. BTC Dominance edged up to 56.78%, a common pattern during downturns as investors seek relative safety. The Czech Central Bank acquired $1M in crypto, a notable global pulse amidst the dip. Traditional markets also faced heavy selling pressure. The Dow Jones, S&P, and NASDAQ all closed significantly lower, with NASDAQ leading declines at -2.27%. This broad market weakness was exacerbated by unsettling economic news: ADP data revealed a sharp decline in private-sector payrolls in late October, adding only 14,250 jobs per week. Further highlighting job market concerns, Verizon announced 15,000 job cuts. Inflation remains a concern with average new car prices surpassing $50,000 and the US Mint stopping penny minting. On a positive note, the federal government shutdown has officially ended with President Trump's signature, though the White House warns of lasting damage to the statistical system. Political tensions also brewed as the House gears up to vote on releasing the Epstein files next week, amidst new revelations linking Epstein to Trump. Key Takeaways: Broad Market Plunge: Both crypto (BTC below $99K) and US equities saw significant declines, signaling risk aversion. 📉 Weakening Job Market: Sharp drop in private payrolls and major job cuts by Verizon indicate economic headwinds. 💼 Risk-Off Crypto: Altcoins underperformed, and substantial BTC ETF outflows reflect institutional caution. ⚠️ Epstein Files Drama: Political scrutiny intensifies around the release of Epstein files, adding uncertainty. 🏛️ Potential Dip Buy: Despite the current market, the BTC Rainbow Chart suggests long-term buying opportunities. 💡