[Coin World] Alex Thorn from Galaxy Digital believes that the cryptocurrency dumping wave in October (Bitcoin fell from $126,300 to $107,000, Ether dropped from $4,800 to $3,500, leading to $19 billion in liquidations) was caused by high leverage impacting weak order books, macroeconomic fluctuations, and a decrease in purchases by digital asset fund companies. Although the market is weak in the short term, he remains optimistic about the mid-term outlook, pointing out that capital expenditures in artificial intelligence, the adoption of stablecoins as a means of payment, and the tokenization of real-world assets are key favourable factors supporting Bitcoin's "digital gold" status and the main currencies like ETH and SOL.