Recently, the cryptocurrency market has shown volatility and growth potential, especially centered around Bitcoin (BTC) and Ethereum (ETH). The founder of MicroStrategy has signaled an increase in BTC holdings, indicating that large institutions remain optimistic about Bitcoin's long-term value. Despite Ethereum's price dropping below $3600, the market shows patience regarding its fundamentals and technological iterations. From liquidity data, the large transfers of USDT indicate an increase in market participants' activity. Additionally, the daily trading volume on exchanges, including Raydium's $2.286 billion, demonstrates that the appeal of decentralized exchanges (DEX) remains strong. In terms of market regulation, the kidnapping case involving cryptocurrency traders in Pakistan has drawn attention, signaling a rising demand for risk control in the cryptocurrency market. Meanwhile, discussions about stablecoins are gradually intensifying, and they are expected to become an important tool for wholesale trading in the future. Overall, the market presents a positive trend of increased holdings and liquidity, with ongoing participation from institutional investors providing support for the market. The current overall trend in the cryptocurrency market is upward, and after a short-term adjustment, it may welcome new upward potential.