Recently, the cryptocurrency market has suffered a major correction, with the total market value plummeting to $2.195 trillion, a 4.7% drop in 24 hours. In this wave of market volatility, a large number of long orders were liquidated, and the total liquidation amount of the entire network reached $31.3749 million in the past hour, highlighting the fragility of market sentiment. Bitcoin mined a half-empty block at an altitude of 855,363, reflecting the current decline in miners' confidence. In addition, the relatively optimistic aspect of the data is that the net inflow of US Bitcoin spot ETFs has reached $17.508 billion, indicating that institutional investors are still optimistic about the long-term value of Bitcoin. As for Ethereum, it is currently near a key support level. If it fails, it may push the price down to below $2,800. This technical pressure needs to attract investors' attention. On the other hand, JupiterDAO's recent proposal to destroy 30% of JUP tokens may provide short-term support for its price. All roads lead to Rome. The fluctuations in the cryptocurrency market are like the ebb and flow of the tide. Continue to pay attention to changes in the technical and capital aspects, or you may capture short-term rebound opportunities. Overall, the current cryptocurrency market faces downside risks, but there is still institutional support in the medium and long term.