Recently, the cryptocurrency market has experienced significant volatility, with frequent whale activity, especially in Ethereum (ETH) and Bitcoin (BTC). Despite the overall market downturn, five whale addresses purchased a total of more than $330 million in ETH during the crash, indicating that bullish sentiment still exists. In addition, within two days, Bitcoin whales increased their holdings of more than 30,000 BTC, totaling approximately US$1.62 billion, showing confidence in the current price. In terms of trading activity, Binance’s total trading volume yesterday broke through a new high for the year, with net inflows reaching US$1.2 billion, reflecting the acceleration of capital inflows and market enthusiasm. However, there is no shortage of crises in the market. For example, the Ronin platform was attacked, with losses reaching US$12 million, and negotiations with white hat hackers are ongoing, highlighting the importance of security issues. Federal Reserve Chairman Daley’s remarks also attracted market attention, and interest rates are expected to fall, which may have a blockchain reaction on the overall economy and the cryptocurrency market. Overall, despite market fluctuations and security risks, the cryptocurrency market has gradually shown a trend of capital inflows and increasing holdings, and investor confidence has recovered. The current overall market trend tends to be cautiously optimistic.