Recently, the cryptocurrency market has experienced significant volatility. FARTCOIN quickly rebounded after a 70% drop, with trading volume reaching $2.1 billion, demonstrating the market's high attention to high-risk assets. At the same time, executives from Coinbase and MicroStrategy have topped the stock sell-off list, which may reflect a cautious attitude towards the short-term market. The transfer of ENS to Binance, along with the massive withdrawal of PENGU, indicates that investors are reallocating funds in search of liquidity. On the inflow side, the net inflow of assets like BlackRock and ARKB shows that institutional investors maintain ongoing interest in the market, particularly in areas like stablecoins and infrastructure. Moreover, the advancement of FTX's bankruptcy plan, while posing challenges to market confidence, seems to have not affected overall investment enthusiasm compared to the stablecoin products and infrastructure that investors are focused on. Overall, the cryptocurrency market is gradually adapting amidst volatility, and investor sentiment remains cautiously optimistic. Summary: The current cryptocurrency market shows a certain resilience amidst fluctuations, with continued inflow of institutional funds and a positive investment sentiment.