Recently, the cryptocurrency market has fluctuated significantly, mainly affected by multiple factors. The suspected Amber Group address transferred a large amount of MKR in a short period of time, and multiple addresses sold a large amount of WIF, showing that the market's profit-taking sentiment has increased, which may aggravate the downward pressure on the market. In addition, the Meme coin NEIRO on the Solana chain rose by more than 100% against the trend, attracting investors' attention. Microstrategy announced that its Bitcoin holdings increased to 226,500, and Wall Street brokerage Benchmark raised its target price to $2,150, which provided some support for Bitcoin. However, with the joint decline of the three major U.S. stock indexes and the cryptocurrency market's concerns about the U.S. government's transfer of Bitcoin and related repayments, the overall market sentiment has become cautious. At present, the price of Bitcoin has briefly fallen below 61,500 USDT, and the market has shown a certain panic. In addition, the difficulty of Bitcoin mining continues to rise, which may put pressure on miners' profitability. In summary, the cryptocurrency market is currently in a clear downward trend, and investors need to remain vigilant.