With the first trading day after the holidays coming to life, the market value has seen a significant surge, with the market share of altcoins increasing substantially, while Bitcoin (大饼) and Ethereum (以太) have slightly declined in their proportions. This change reflects a sharp rise in risk appetite in the short term.

The total trading volume has risen sharply, with Bitcoin still rising despite a decrease in trading volume, indicating a trend of gradually easing selling pressure; Ethereum's turnover rate has increased, while the altcoin market has seen significant fluctuations in sentiment, accompanied by a substantial rise in turnover rates.

On the funding side, although the overall market value of stablecoins has slightly decreased, the market value of USDC has increased, and its activity level has risen, becoming a key factor driving the price increase of Bitcoin and Ethereum.

Although the current market rebound seems positive, we still need to closely monitor subsequent trading dynamics to clarify the specific driving forces behind the rebound.

It is worth noting that the outflow pressure of funds in the Asia-Europe region has somewhat eased for USDT, and market confidence is gradually recovering. If altcoins can continue to rebound, there may be new market opportunities during the Lunar New Year.