With the first trading day after the holiday ending, the market welcomes vigorous activity, and the market capitalization has made a significant leap, with a substantial increase in the market share of altcoins, while Bitcoin (BTC) and Ethereum (ETH) have seen a slight decline in their proportions. This change reflects a sharp rise in risk appetite in the market in the short term.

The total trading volume has risen sharply, and Bitcoin has still increased despite a reduction in trading volume, indicating a gradual easing of selling pressure; Ethereum's turnover rate has improved, while the altcoin market has exhibited significant emotional fluctuations, accompanied by a sharp rise in turnover rate.

On the funding side, although the overall market capitalization of stablecoins has slightly decreased, the market capitalization of USDC has seen growth, and its activity level has increased, becoming a key factor driving the price increases of Bitcoin and Ethereum.

Although the current market rebound appears to be positive, we still need to closely monitor subsequent trading dynamics to clarify the specific driving forces behind the rebound.

It is noteworthy that the outflow pressure in the Asia-Europe region has eased on USDT, and market confidence is gradually recovering. If altcoins can maintain their rebound, then there may be new market opportunities during the Lunar New Year.