Recently, the cryptocurrency market has shown volatility and growth potential, particularly centered around Bitcoin (BTC) and Ethereum (ETH). The founder of MicroStrategy has signaled an increase in BTC holdings, indicating that large institutions continue to have a positive outlook on Bitcoin's long-term value. Although Ethereum's price has fallen below $3600, the market shows patience regarding its fundamentals and technological iterations. From the liquidity data, the large-scale transfer of USDT indicates an increase in market participant activity. Additionally, the daily trading volume on exchanges, including $2.286 billion for Raydium, shows that the appeal of decentralized exchanges (DEX) remains strong. In terms of market regulation, a kidnapping case involving cryptocurrency traders in Pakistan has drawn attention, signaling a rise in the demand for risk control in the cryptocurrency market. At the same time, discussions about stablecoins are gradually heating up, and they are expected to become an important tool for wholesale trading in the future. Overall, the market presents a positive trend of accumulation and liquidity, with the continued participation of institutional investors providing support for the market. The current overall trend of the cryptocurrency market is upward, and after a short-term adjustment, it may welcome new potential for growth.