Today, the cryptocurrency market is experiencing significant volatility. Among the top 100 tokens, VIRTUAL has increased by 9.08%, while AERO has decreased by 7.35%. The open interest in BTC options has reached $39.8 billion, and for ETH, it stands at $10.34 billion, indicating a high level of activity among market investors. Despite Bitcoin facing selling pressure as its price approaches $101,000, the total liquidation across the network in the past hour has reached $27.56 million, primarily concentrated on long positions. In industry news, former Thai Prime Minister Thaksin has proposed a pilot program in Phuket to accept Bitcoin payments, indicating the government's open attitude towards digital assets. Additionally, a whale has transferred 6,796 ETH in a short period, and if successfully sold, would yield a profit of $9.13 million, showing how the movements of large holders can impact market volatility. Furthermore, the net circulation of USDT has surpassed $140 billion, reflecting strong demand for stablecoins from investors. Overall, the cryptocurrency market is experiencing increased volatility in the short term, and investors need to closely monitor market sentiment and the movements of large holders. The current overall market trend still appears to be fluctuating, requiring cautious observation.