The core characteristic of the current cryptocurrency market is not a "clear trend," but a weak rebound amid extreme fear.



The market sentiment index is only 12, remaining at extremely low levels for several consecutive days, indicating that the bearish narrative still dominates. However, it also means that the market's reaction to bad news is very sensitive, and even a slight increase in buying volume could trigger a quick rebound.

The total market capitalization has returned to $2.138 trillion, a significant contraction compared to a few days ago; meanwhile, Bitcoin's dominance is 58.1108%, indicating that funds are continuing to flow into Bitcoin.

From a news perspective, both BTC and ETH are in a state of "expecting a rebound, but the volume and structure have not yet been fully confirmed."
BTC3.91%
ETH7.57%
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