Recently, the cryptocurrency market has faced volatility again, with BTC prices falling below 60,000 USDT, a 24-hour drop of 3.86%. This volatility is of concern, especially as Galaxy Research pointed out that Bitcoin faces challenges as a layer of data availability, and may need to consider Layer 2 expansion solutions. At the same time, Ethereum (ETH) was also affected, falling below 2,900 USDT, a 24-hour drop of 4.75%. Despite the overall market downturn, it is worth noting that the net inflow of US Bitcoin spot ETFs has reached US$17.508 billion, reflecting that institutions still have a certain degree of confidence in cryptocurrency assets. In addition, Jump Trading deposited a large amount of ETH to the Central Exchange (CEX) in the short term, showing the active layout of the market by major players. The various market dynamics that followed, especially the launch of new exchanges and the performance of Meme coins, may have an impact on short-term trends. Overall, the cryptocurrency market is still in a period of adjustment at this stage, and investors need to pay careful attention to market changes and make rational decisions to cope with the risks brought by volatility. The overall trend of the current cryptocurrency market tends to be weak, and attention should be paid to the development of subsequent technology and liquidity.