Recently, the cryptocurrency market has been dynamic. Bitlayer completed a $9 million Series A+ financing with a valuation of $300 million, showing the market's continued support for innovative projects. At the same time, the US government may sell 69,370 bitcoins confiscated from the Silk Road, which has attracted market attention. Fidelity has increased its holdings of more than $100 million in bitcoins in the past 24 hours, highlighting the confidence of institutional investors in BTC. In terms of trading, Antpool transferred 1,649 BTC to an unknown wallet, indicating that market liquidity is still active. However, the total amount of liquidation on the entire network reached $194 million, reflecting the instability of the current market. It is worth noting that a giant whale deposited 11,456 ETH into Binance, showing changes in market centralization. In addition, the destruction of USDC on the Ethereum chain is also changing the liquidity structure. Overall, the total market value of cryptocurrencies has fallen to $2.27 trillion, but Bitcoin's market share has risen to 54.4%, showing that Bitcoin's safe-haven properties in the market are increasing. To summarize the current trend, the cryptocurrency market maintains certain structural opportunities in volatility, and investors need to pay close attention to policies and market dynamics.