In the past 24 hours, the cryptocurrency market has experienced significant volatility, with total liquidations reaching $529 million. Bitcoin (BTC) price has fallen below $96,000, showing strong selling pressure, while Ethereum and its main competitors have shown mixed performance amid price fluctuations. Although SOL saw an increase of 4% due to news related to 'spot ETF' developments in the short term, the overall market remains weak. Notably, institutional investors are trending towards using Bitcoin as a covert inflation hedge in the context of Trump's election win, which provides potential support for Bitcoin. Meanwhile, Rise Labs has 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 overall trend of the cryptocurrency market is still influenced by various external factors, maintaining pressure in the short term. However, the long-term support from institutions for Bitcoin may inject new momentum into it. Overall, the cryptocurrency market remains in an uncertain downward range.