June 8th, the cryptocurrency market experienced a full-scale technical rebound, with Bitcoin rising 4.41% to $63,436.5, Ethereum surging over 8%, SOL and Dogecoin moving higher in sync, and ZEC skyrocketing nearly 20% to lead the altcoins.

Over 107k traders were liquidated in the past 24 hours across the entire network, totaling $667 million, with short positions accounting for the majority, and large capital short orders being wiped out.
This round of rally lacks substantial positive fundamentals and is a recovery phase after a previous sharp decline.
Market panic remains high, so avoid chasing highs.
Leverage trading carries extremely high risks; prioritize light positions and low buy-in on mainstream coins.