According to BlockBeats, on November 15, Coinkarma founder Benson Sun said multiple external events—including the Binance hack, Democratic sweep of the U.S. Congress, and Jensen Huang's departure—have altered the premises underlying earlier bull market assumptions. Sun noted that while his September analysis judging the market as early-stage bull was reasonable based on available information at the time, subsequent developments changed the fundamental conditions, making it necessary to reassess rather than rigidly maintain prior conclusions.

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