On November 12th, Bitget CEO Gracy Chen gave an interview to Bloomberg Crypto, sharing four key market insights: 1. DATs primarily benefit project teams, but their value to investors is questionable. 2. The pressure on altcoins after the October 11th crash is a structural problem, not a temporary phenomenon. 3. Market pricing power has shifted to Wall Street. 4. December will be a crucial macroeconomic window; the end of the government shutdown and interest rate adjustments will set the tone for the market. Chen specifically pointed out that if the liquidity environment improves, cryptocurrencies and US stocks may simultaneously gain upward momentum.