Bitcoin Price Climbs to $111K November High as Bear Market Worries Linger
Key Takeaways
- Bitcoin hit a fresh November high of $111,129 on Bitstamp, sparking brief optimism amid ongoing rangebound trading.
- Traders remain skeptical of the weekend upside, pointing to renewed selling from a major whale that’s distributed over $650 million in BTC since October’s crash.
- Key support levels like the 21-week EMA at $111,230 and the $112,000 mark are still out of bulls’ grasp, potentially signaling more downside if not reclaimed.
- Fibonacci retracement analysis suggests Bitcoin may have bottomed around the 38.2% level just above $100,000, with a monthly close below it risking the end of the bull run.
- Platforms like WEEX offer tools for traders to track whale movements and market bids in real-time, helping navigate volatile conditions with enhanced security and insights.
Imagine waking up on a quiet Sunday morning, checking your phone, and seeing Bitcoin suddenly spike to new heights. It’s thrilling, right? That rush of excitement as the charts light up, promising big gains. But then, doubt creeps in—what if it’s just another fleeting pump, destined to fizzle out when the workweek kicks off? That’s exactly the vibe in the crypto world right now, as Bitcoin pushes to a November high of $111,129, yet whispers of a lingering bear market keep everyone on edge. If you’ve been following the markets, you know how these moments can feel like a rollercoaster: exhilarating one minute, nerve-wracking the next. In this article, we’ll dive into what’s driving this latest move, why traders aren’t fully buying in, and how you can stay ahead in such uncertain times. We’ll draw parallels to past market cycles, share insights from real data, and even touch on the buzzing conversations happening online. Let’s break it down step by step, so you feel like you’re right there in the trading trenches.
Bitcoin’s Weekend Surge: A Glimmer of Hope or Just Smoke and Mirrors?
Picture Bitcoin as a weary boxer in the ring, landing a surprise jab after a tough round. That’s what happened over the weekend when BTC/USD climbed to local highs, touching $111,129 on Bitstamp. It wasn’t a massive breakout—still stuck in that familiar trading range—but it marked the highest point for November so far. This uptick came from a sudden wave of buying interest on major exchanges, flipping the script from the week’s earlier sell-offs.
Crypto enthusiasts like investor and entrepreneur Ted Pillows highlighted this shift, noting how bids poured in from spots like Binance and Coinbase. It’s like watching a crowd suddenly cheer for the underdog; the energy picks up, but you wonder if it’ll last. During the weekdays, things looked different—US trading sessions were dominated by sellers pushing prices down, as we’ve seen in recent reports. Yet here we are, with a Sunday surge that has some folks raising eyebrows. Pillows himself expressed a mix of appreciation and caution, suggesting that while the bids are welcome, they’d mean more if they showed up consistently during regular trading hours. “Another Sunday pump, and we know how this ends,” he quipped, echoing a sentiment many traders share based on historical patterns where weekend gains often unravel come Monday.
This isn’t just gut feeling; it’s backed by data. For instance, compare this to previous cycles where Bitcoin has teased highs only to retreat. Think of it like a game of tug-of-war: bulls pull hard over the weekend when liquidity is thinner, but bears regain control as full markets reopen. Commentators like Exitpump are even forecasting potential extensions to $113,000 or $114,000 if the momentum holds, though with low conviction. It’s a reminder that in crypto, optimism can be as volatile as the prices themselves. And speaking of volatility, this move aligns with broader market sentiments where sudden bids can stem from news like US-China trade developments, which Pillows tied to a minor pump without sustained strength.
To make this relatable, let’s draw an analogy to stock market weekends. You know how some stocks get a pre-Monday boost from retail traders? Bitcoin’s doing something similar, but with the added twist of global, 24/7 access. Platforms like WEEX are stepping up here, providing seamless tracking of these bid-ask dynamics. With WEEX’s advanced analytics, traders can spot these exchange-specific trends in real-time, aligning perfectly with the need for quick, informed decisions. It’s not about promoting one over another, but in a space where every second counts, having a reliable platform enhances your edge without the hassle.
Whale Activity Steals the Spotlight: Why Selling Pressure Won’t Quit
Now, let’s zoom in on the elephant in the room—or should I say, the whale in the ocean? Not everyone was popping champagne over the weekend gains. Trader BitBull spotlighted a persistent seller: an “insider OG whale” who’s been offloading massive amounts of Bitcoin. Just today (as of November 2, 2025), this entity deposited another $55 million worth of BTC to Kraken, adding to a staggering $650 million dumped since the October crash that saw prices tumble up to 20% from all-time highs.
It’s like watching a giant ship unloading cargo into a stormy sea, wave after wave. When will it stop? That’s the question echoing through trading circles. This kind of distribution isn’t new; whales have influenced markets for years, often signaling shifts. Evidence from on-chain data supports this—large transfers like these correlate with increased selling pressure, as seen in past downturns. For example, during the 2022 bear market, similar whale movements preceded prolonged slumps, making traders wary.
But here’s where it gets interesting: integrating this with frequently searched Google queries. People are typing in things like “What are Bitcoin whales doing right now?” or “How do whale dumps affect BTC price?” Based on search trends, these questions spike during volatile periods, reflecting real curiosity about how big players sway the market. On Twitter, discussions are ablaze with topics like #BitcoinWhales and #BTCDump, where users share charts and theories. One recent tweet from a prominent analyst (as of November 3, 2025) noted, “Whale alerts are lighting up—another $100M moved. Is this the capitulation or just more pain?” Such posts garner thousands of engagements, fueling debates on whether this is a sign of weakness or a shakeout before a bigger rally.
To counter this, think of whales as market makers, not villains. Their actions provide liquidity, but they can unsettle retail traders. This is where brand-aligned tools come into play. WEEX, for instance, emphasizes transparency with whale tracking features that alert users to large transactions, helping you align your strategy with actual market flows. It’s a positive nod to how modern platforms are building credibility by empowering users, turning potential pitfalls into opportunities for savvy trading.
Chasing Key Levels: Why $111,200 and Beyond Matter for Bitcoin Price
Shifting gears, let’s talk levels—these are the battlegrounds where bulls and bears clash. Analyst Rekt Capital pointed to the 21-week exponential moving average (EMA) as a critical line in the sand. Sitting at $111,230 at the time, it’s acting like a ceiling that’s capping the weekend’s progress. Reclaiming it could signal a successful retest after a breakout, much like how a hiker conquers a peak to gain a better view.
This EMA isn’t just a random number; it’s grounded in historical data. Since early 2023, Bitcoin has respected similar moving averages during uptrends, providing evidence that flipping it back to support often precedes sustained gains. Pillows echoed this, stressing the need to reclaim $112,000 with strong volume. Without it, he warns, a deeper correction looms—like a house of cards missing a sturdy base.
Adding depth, Cas Abbe from on-chain analytics delved into Fibonacci retracement levels. Bitcoin tends to find bottoms around the 38.2% mark, which played out last month when it dipped to just above $100,000 before bouncing. “If history repeats, we’ve likely bottomed,” the analysis suggests, but a monthly close below could spell the end of the bull run. It’s persuasive evidence, drawn from patterns since Q1 2023, that helps demystify the chaos.
To simplify with an analogy: Fibonacci levels are like nature’s blueprint in markets, similar to how tree branches or seashells follow golden ratios. They make complex price action feel more predictable. And tying this to online buzz, Twitter is rife with #BitcoinFibonacci threads, where users debate if we’re at a turning point. A recent official announcement from a blockchain analytics firm (as of November 3, 2025) confirmed increased volatility metrics, aligning with these levels and sparking more discussions.
Frequently searched questions on Google, like “What is Bitcoin’s next support level?” or “How to use Fibonacci in crypto trading?”, show readers craving practical insights. These queries often lead to tools on platforms like WEEX, where integrated charting helps visualize these levels, fostering a sense of control and brand trust in volatile times.
Broader Market Context: Bear Fears Versus Bullish Undercurrents
Stepping back, this $111,000 push isn’t in isolation. It’s amid fears of a bear market resurgence, with traders doubting the upside’s longevity. Selling from whales, combined with unclaimed supports, paints a cautious picture. Yet, there’s an undercurrent of hope—bids returning, potential trade deal influences, and historical bottoms suggesting resilience.
Compare this to the 2018-2019 transition: Bitcoin hit lows, whales sold off, but it paved the way for a massive rally. Evidence from that era shows how capitulation often precedes booms. Today, with metrics like the aforementioned EMA and Fibonacci holding firm, we’re seeing parallels that could sway sentiment.
On the discussion front, Twitter’s top topics include #BearMarketFears and #BTCPricePrediction, with users sharing polls like “Will Bitcoin break $120K by year-end?” Engagement is high, reflecting community pulse. Google searches for “Bitcoin bear market signs” or “Is now a good time to buy BTC?” are surging, indicating widespread interest in timing entries.
Latest updates as of November 3, 2025, include a tweet from a key influencer: “BTC holding above $110K despite whale pressure—bulls fighting back!” This aligns with official exchange data showing increased bidder activity, adding fresh context without altering core figures.
In navigating this, platforms like WEEX stand out by offering secure, user-friendly interfaces that align with traders’ needs for real-time data and low-fee trading. It’s about building a community where insights flow freely, enhancing credibility in a space often marred by uncertainty.
Wrapping Up the Bitcoin Price Puzzle
As we wrap this up, remember that Bitcoin’s journey is a marathon, not a sprint. The $111K high is exciting, but with bear worries persisting, it’s crucial to stay informed. By understanding whale impacts, key levels, and market patterns—much like piecing together a puzzle—you position yourself better. Whether you’re a seasoned trader or just dipping your toes, these dynamics highlight crypto’s thrilling unpredictability. Keep watching those charts, and who knows? The next big move might just be around the corner.
FAQ
What caused Bitcoin’s recent surge to $111K?
The surge stemmed from late weekend bidding on major exchanges, reaching $111,129 on Bitstamp amid rangebound trading, though skepticism remains due to prior sell-offs.
Why are traders worried about a bear market despite the price high?
Concerns arise from ongoing whale selling—over $650 million since October—and failure to reclaim key supports like $111,230, potentially leading to corrections.
How do Fibonacci levels relate to Bitcoin’s price action?
Bitcoin often bottoms at the 38.2% Fibonacci retracement, around $100,000 recently, suggesting a potential floor if history holds, but a break below could end the bull run.
What role do whales play in Bitcoin price movements?
Whales, like the one distributing $650 million, add selling pressure through large transfers, influencing market sentiment and often preceding volatility as seen in past cycles.
Is now a good time to trade Bitcoin given the current fears?
It depends on your risk tolerance; monitoring levels like $112,000 and using tools on platforms like WEEX for insights can help, but always research thoroughly as markets involve risk.
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China's Central Bank and Eight Other Departments' Latest Regulatory Focus: Key Attention to RWA Tokenized Asset Risk
Foreword: Today, the People's Bank of China's website published the "Notice of the People's Bank of China, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, State Administration of Foreign Exchange on Further Preventing and Dealing with Risks Related to Virtual Currency and Others (Yinfa [2026] No. 42)", the latest regulatory requirements from the eight departments including the central bank, which are basically consistent with the regulatory requirements of recent years. The main focus of the regulation is on speculative activities such as virtual currency trading, exchanges, ICOs, overseas platform services, and this time, regulatory oversight of RWA has been added, explicitly prohibiting RWA tokenization, stablecoins (especially those pegged to the RMB). The following is the full text:
To the people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, the Xinjiang Production and Construction Corps:
Recently, there have been speculative activities related to virtual currency and Real-World Assets (RWA) tokenization, disrupting the economic and financial order and jeopardizing the property security of the people. In order to further prevent and address the risks related to virtual currency and Real-World Assets tokenization, effectively safeguard national security and social stability, in accordance with the "Law of the People's Republic of China on the People's Bank of China," "Law of the People's Republic of China on Commercial Banks," "Securities Law of the People's Republic of China," "Law of the People's Republic of China on Securities Investment Funds," "Law of the People's Republic of China on Futures and Derivatives," "Cybersecurity Law of the People's Republic of China," "Regulations of the People's Republic of China on the Administration of Renminbi," "Regulations on Prevention and Disposal of Illegal Fundraising," "Regulations of the People's Republic of China on Foreign Exchange Administration," "Telecommunications Regulations of the People's Republic of China," and other provisions, after reaching consensus with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, and with the approval of the State Council, the relevant matters are notified as follows:
(I) Virtual currency does not possess the legal status equivalent to fiat currency. Virtual currencies such as Bitcoin, Ether, Tether, etc., have the main characteristics of being issued by non-monetary authorities, using encryption technology and distributed ledger or similar technology, existing in digital form, etc. They do not have legal tender status, should not and cannot be circulated and used as currency in the market.
The business activities related to virtual currency are classified as illegal financial activities. The exchange of fiat currency and virtual currency within the territory, exchange of virtual currencies, acting as a central counterparty in buying and selling virtual currencies, providing information intermediary and pricing services for virtual currency transactions, token issuance financing, and trading of virtual currency-related financial products, etc., fall under illegal financial activities, such as suspected illegal issuance of token vouchers, unauthorized public issuance of securities, illegal operation of securities and futures business, illegal fundraising, etc., are strictly prohibited across the board and resolutely banned in accordance with the law. Overseas entities and individuals are not allowed to provide virtual currency-related services to domestic entities in any form.
A stablecoin pegged to a fiat currency indirectly fulfills some functions of the fiat currency in circulation. Without the consent of relevant authorities in accordance with the law and regulations, any domestic or foreign entity or individual is not allowed to issue a RMB-pegged stablecoin overseas.
(II)Tokenization of Real-World Assets refers to the use of encryption technology and distributed ledger or similar technologies to transform ownership rights, income rights, etc., of assets into tokens (tokens) or other interests or bond certificates with token (token) characteristics, and carry out issuance and trading activities.
Engaging in the tokenization of real-world assets domestically, as well as providing related intermediary, information technology services, etc., which are suspected of illegal issuance of token vouchers, unauthorized public offering of securities, illegal operation of securities and futures business, illegal fundraising, and other illegal financial activities, shall be prohibited; except for relevant business activities carried out with the approval of the competent authorities in accordance with the law and regulations and relying on specific financial infrastructures. Overseas entities and individuals are not allowed to illegally provide services related to the tokenization of real-world assets to domestic entities in any form.
(III) Inter-agency Coordination. The People's Bank of China, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of virtual currency-related illegal financial activities.
The China Securities Regulatory Commission, together with the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the State Administration of Foreign Exchange, and other departments, will improve the work mechanism, strengthen coordination with the Cyberspace Administration of China, the Supreme People's Court, and the Supreme People's Procuratorate, coordinate efforts, and overall guide regions to carry out risk prevention and disposal of illegal financial activities related to the tokenization of real-world assets.
(IV) Strengthening Local Implementation. The people's governments at the provincial level are overall responsible for the prevention and disposal of risks related to virtual currencies and the tokenization of real-world assets in their respective administrative regions. The specific leading department is the local financial regulatory department, with participation from branches and dispatched institutions of the State Council's financial regulatory department, telecommunications regulators, public security, market supervision, and other departments, in coordination with cyberspace departments, courts, and procuratorates, to improve the normalization of the work mechanism, effectively connect with the relevant work mechanisms of central departments, form a cooperative and coordinated working pattern between central and local governments, effectively prevent and properly handle risks related to virtual currencies and the tokenization of real-world assets, and maintain economic and financial order and social stability.
(5) Enhanced Risk Monitoring. The People's Bank of China, China Securities Regulatory Commission, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, State Administration of Foreign Exchange, Cyberspace Administration of China, and other departments continue to improve monitoring techniques and system support, enhance cross-departmental data analysis and sharing, establish sound information sharing and cross-validation mechanisms, promptly grasp the risk situation of activities related to virtual currency and real-world asset tokenization. Local governments at all levels give full play to the role of local monitoring and early warning mechanisms. Local financial regulatory authorities, together with branches and agencies of the State Council's financial regulatory authorities, as well as departments of cyberspace and public security, ensure effective connection between online monitoring, offline investigation, and fund tracking, efficiently and accurately identify activities related to virtual currency and real-world asset tokenization, promptly share risk information, improve early warning information dissemination, verification, and rapid response mechanisms.
(6) Strengthened Oversight of Financial Institutions, Intermediaries, and Technology Service Providers. Financial institutions (including non-bank payment institutions) are prohibited from providing account opening, fund transfer, and clearing services for virtual currency-related business activities, issuing and selling financial products related to virtual currency, including virtual currency and related financial products in the scope of collateral, conducting insurance business related to virtual currency, or including virtual currency in the scope of insurance liability. Financial institutions (including non-bank payment institutions) are prohibited from providing custody, clearing, and settlement services for unauthorized real-world asset tokenization-related business and related financial products. Relevant intermediary institutions and information technology service providers are prohibited from providing intermediary, technical, or other services for unauthorized real-world asset tokenization-related businesses and related financial products.
(7) Enhanced Management of Internet Information Content and Access. Internet enterprises are prohibited from providing online business venues, commercial displays, marketing, advertising, or paid traffic diversion services for virtual currency and real-world asset tokenization-related business activities. Upon discovering clues of illegal activities, they should promptly report to relevant departments and provide technical support and assistance for related investigations and inquiries. Based on the clues transferred by the financial regulatory authorities, the cyberspace administration, telecommunications authorities, and public security departments should promptly close and deal with websites, mobile applications (including mini-programs), and public accounts engaged in virtual currency and real-world asset tokenization-related business activities in accordance with the law.
(8) Strengthened Entity Registration and Advertisement Management. Market supervision departments strengthen entity registration and management, and enterprise and individual business registrations must not contain terms such as "virtual currency," "virtual asset," "cryptocurrency," "crypto asset," "stablecoin," "real-world asset tokenization," or "RWA" in their names or business scopes. Market supervision departments, together with financial regulatory authorities, legally enhance the supervision of advertisements related to virtual currency and real-world asset tokenization, promptly investigating and handling relevant illegal advertisements.
(IX) Continued Rectification of Virtual Currency Mining Activities. The National Development and Reform Commission, together with relevant departments, strictly controls virtual currency mining activities, continuously promotes the rectification of virtual currency mining activities. The people's governments of various provinces take overall responsibility for the rectification of "mining" within their respective administrative regions. In accordance with the requirements of the National Development and Reform Commission and other departments in the "Notice on the Rectification of Virtual Currency Mining Activities" (NDRC Energy-saving Building [2021] No. 1283) and the provisions of the "Guidance Catalog for Industrial Structure Adjustment (2024 Edition)," a comprehensive review, investigation, and closure of existing virtual currency mining projects are conducted, new mining projects are strictly prohibited, and mining machine production enterprises are strictly prohibited from providing mining machine sales and other services within the country.
(X) Severe Crackdown on Related Illegal Financial Activities. Upon discovering clues to illegal financial activities related to virtual currency and the tokenization of real-world assets, local financial regulatory authorities, branches of the State Council's financial regulatory authorities, and other relevant departments promptly investigate, determine, and properly handle the issues in accordance with the law, and seriously hold the relevant entities and individuals legally responsible. Those suspected of crimes are transferred to the judicial authorities for processing according to the law.
(XI) Severe Crackdown on Related Illegal and Criminal Activities. The Ministry of Public Security, the People's Bank of China, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, as well as judicial and procuratorial organs, in accordance with their respective responsibilities, rigorously crack down on illegal and criminal activities related to virtual currency, the tokenization of real-world assets, such as fraud, money laundering, illegal business operations, pyramid schemes, illegal fundraising, and other illegal and criminal activities carried out under the guise of virtual currency, the tokenization of real-world assets, etc.
(XII) Strengthen Industry Self-discipline. Relevant industry associations should enhance membership management and policy advocacy, based on their own responsibilities, advocate and urge member units to resist illegal financial activities related to virtual currency and the tokenization of real-world assets. Member units that violate regulatory policies and industry self-discipline rules are to be disciplined in accordance with relevant self-regulatory management regulations. By leveraging various industry infrastructure, conduct risk monitoring related to virtual currency, the tokenization of real-world assets, and promptly transfer issue clues to relevant departments.
(XIII) Without the approval of relevant departments in accordance with the law and regulations, domestic entities and foreign entities controlled by them may not issue virtual currency overseas.
(XIV) Domestic entities engaging directly or indirectly in overseas external debt-based tokenization of real-world assets, or conducting asset securitization activities abroad based on domestic ownership rights, income rights, etc. (hereinafter referred to as domestic equity), should be strictly regulated in accordance with the principles of "same business, same risk, same rules." The National Development and Reform Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and other relevant departments regulate it according to their respective responsibilities. For other forms of overseas real-world asset tokenization activities based on domestic equity by domestic entities, the China Securities Regulatory Commission, together with relevant departments, supervise according to their division of responsibilities. Without the consent and filing of relevant departments, no unit or individual may engage in the above-mentioned business.
(15) Overseas subsidiaries and branches of domestic financial institutions providing Real World Asset Tokenization-related services overseas shall do so legally and prudently. They shall have professional personnel and systems in place to effectively mitigate business risks, strictly implement customer onboarding, suitability management, anti-money laundering requirements, and incorporate them into the domestic financial institutions' compliance and risk management system. Intermediaries and information technology service providers offering Real World Asset Tokenization services abroad based on domestic equity or conducting Real World Asset Tokenization business in the form of overseas debt for domestic entities directly or indirectly venturing abroad must strictly comply with relevant laws and regulations. They should establish and improve relevant compliance and internal control systems in accordance with relevant normative requirements, strengthen business and risk control, and report the business developments to the relevant regulatory authorities for approval or filing.
(16) Strengthen organizational leadership and overall coordination. All departments and regions should attach great importance to the prevention of risks related to virtual currencies and Real World Asset Tokenization, strengthen organizational leadership, clarify work responsibilities, form a long-term effective working mechanism with centralized coordination, local implementation, and shared responsibilities, maintain high pressure, dynamically monitor risks, effectively prevent and mitigate risks in an orderly and efficient manner, legally protect the property security of the people, and make every effort to maintain economic and financial order and social stability.
(17) Widely carry out publicity and education. All departments, regions, and industry associations should make full use of various media and other communication channels to disseminate information through legal and policy interpretation, analysis of typical cases, and education on investment risks, etc. They should promote the illegality and harm of virtual currencies and Real World Asset Tokenization-related businesses and their manifestations, fully alert to potential risks and hidden dangers, and enhance public awareness and identification capabilities for risk prevention.
(18) Engaging in illegal financial activities related to virtual currencies and Real World Asset Tokenization in violation of this notice, as well as providing services for virtual currencies and Real World Asset Tokenization-related businesses, shall be punished in accordance with relevant regulations. If it constitutes a crime, criminal liability shall be pursued according to the law. For domestic entities and individuals who knowingly or should have known that overseas entities illegally provided virtual currency or Real World Asset Tokenization-related services to domestic entities and still assisted them, relevant responsibilities shall be pursued according to the law. If it constitutes a crime, criminal liability shall be pursued according to the law.
(19) If any unit or individual invests in virtual currencies, Real World Asset Tokens, and related financial products against public order and good customs, the relevant civil legal actions shall be invalid, and any resulting losses shall be borne by them. If there are suspicions of disrupting financial order and jeopardizing financial security, the relevant departments shall deal with them according to the law.
This notice shall enter into force upon the date of its issuance. The People's Bank of China and ten other departments' "Notice on Further Preventing and Dealing with the Risks of Virtual Currency Trading Speculation" (Yinfa [2021] No. 237) is hereby repealed.

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