iM Securities reports a weakening momentum in the virtual asset market, increasing downward pressure. Analyst Yang Hyun-kyung identifies that the crypto market's upward trend until September was fueled by factors like the Bitcoin halving, pro-crypto policies, aggressive buying by DAT firms, expectations of US interest rate cuts, and a weaker dollar. However, iM Securities notes constraints on these five pillars. Diminished expectations for December interest rate cuts, due to hawkish US Federal Reserve remarks, impact the market. Global liquidity is contracting due to a rebounding dollar, weakening risk appetite. This, combined with regulatory uncertainty and recent exchange hacks, contributes to the crypto market's current downturn. Investors should exercise caution and conduct thorough research before investing in virtual assets. ```