In the past 24 hours, the cryptocurrency market has experienced significant volatility, with a total liquidation of $529 million across the network. Bitcoin (BTC) price fell below $96,000, showing strong selling pressure, while Ethereum and its major competitors performed variably amid price fluctuations. Despite a temporary 4% increase in SOL due to news related to 'spot ETF' developments, the overall market remains weak. Notably, institutional investors tend to use Bitcoin as a covert inflation hedge against the backdrop of Trump's election victory, providing potential support for Bitcoin. Meanwhile, Rise Labs secured $6.3 million in funding, indicating ongoing investor interest in blockchain technology. However, at the same time, institutions like Orange have begun shorting MSTR to hedge risks, reflecting the complexity of market sentiment. Overall, despite the volatile performance of certain assets, the cryptocurrency market's overall trend is still influenced by various external factors, maintaining pressure in the short term. However, the long-term support attitude of institutions towards Bitcoin may inject new momentum into it. Overall, the cryptocurrency market remains in an uncertain downward range.