The current cryptocurrency market faces multiple challenges and changes. The U.S. Department of Justice launched a whistleblower reward program to combat corporate crimes related to cryptocurrency. At the same time, the New York District Attorney recruited full-time analysts, indicating further strengthening of financial supervision. Recently, data showed that Bitcoin spot ETFs had a net outflow of $237 million, while BlackRock's IBIT showed a net inflow of $43.2 million, reflecting the divergence of market confidence. On the other hand, the circulation of USDC has dropped by 900 million, suggesting a reduction in investor demand for stablecoins. Due to the general decline of some altcoins, BTC fell below $61,000, and large-scale fund transfers occurred on exchanges, which may further exacerbate market uncertainty. The main support levels are $60,000 and $2,900, reflecting investors' concerns about price fluctuations. Despite the pressure in the market, some institutions are still looking for investment opportunities, showing the continued activity in the cryptocurrency field. Summary: The overall trend of the current cryptocurrency market is biased downward, and the strengthening of supervision is intertwined with market sentiment. Investors need to remain cautious.