Today, the cryptocurrency market experienced intense volatility, with market sentiment extremely panicked, and several major events worth noting occurred. Here are the key points for today:

· 📉 Market Overview: Panic intensifies, prices plummet
Today, market sentiment is extremely panicked, with the panic and greed index dropping to 18 (extreme panic). In terms of price, Bitcoin fell below $69,000 after the non-farm payroll data was released, with a 24-hour decline of about 4%, and briefly touched a low of 68,600 USDT. The sharp market movement caused a total liquidation of $231 million across the network in the past 24 hours, including $166 million in long positions.
· 💰 Funds and Policies: ETF funds flow back, Trump speaks again
Despite the price decline, positive signals emerged: Bitcoin spot ETF funds resumed inflow, pushing Bitcoin to a one-month high of around $74,000 yesterday. Meanwhile, U.S. President Trump accused large banks of delaying pro-cryptocurrency legislation, and Morgan Stanley is collaborating with Coinbase and Bank of New York Mellon to advance its Bitcoin ETF plans, indicating that institutions are still secretly positioning.
· ⚖ Regulatory Developments: Sun Yuchen settles with the SEC
Major regulatory resolution in the crypto space. The U.S. Securities and Exchange Commission (SEC) announced it will terminate the lawsuit against Sun Yuchen and his affiliated companies. As part of the settlement, Sun Yuchen will pay a civil fine of $10 million.
· ⛏ Miner Activity: Listed mining companies continue to sell Bitcoin
Market selling pressure may come from mining companies. According to reports, since last year, publicly listed Bitcoin mining firms have sold over 15,000 BTC, including major reductions by companies like Cango and Bitdeer, to cope with shrinking profits and debt pressures.
· 🌍 On-Chain Data: Surge in illegal activities related to sanctions
Blockchain analysis firm Chainalysis reports that illegal cryptocurrency activities related to sanctions surged by 700% in 2025, involving $104 billion. The report specifically highlights that countries like Russia, Iran, and North Korea are using stablecoins and other means to evade traditional financial sanctions. $XRP $XAU $BTC ‌$ETH ‌