Take a look at Monday's market data. Although the price of BTC is rising, the overall market still remains in a "recovery" state.

Market capitalization is increasing, with BTC accounting for 65% of the growth, altcoins at 23%, and ETH at 11.4%. The market's enthusiasm is still anchored to BTC itself, with BTC's share at 55.9%, nearing the 56% mark. ETH remains unchanged, while the share of altcoins has shrunk, indicating a poor risk appetite in the market.

Altcoins need to wait for BTC to create a wealth-generating environment before more risk capital dares to buy in significantly.

In terms of trading volume, compared to last Saturday, it still belongs to a shrinking state, in a recovery phase after the weekend's bottom liquidity. If BTC continues to rise and reaches 70,000, then tonight might witness a wave of short-term explosive trading volume. As for capital activity, Asian and European funds have not yet activated their activity, while US area funds have increased USDC trading volume by 14.8%.

In terms of capital, the market capitalization of stablecoins increased by 500 million. The official data for USDT is 120.339 billion, with a slight increase of only 35 million compared to last Saturday, while USDC currently has no official data updates, and the data website shows little fluctuation in market capitalization.

Presidential Assessment: The market is currently in a recovery period on Monday. During this phase, trading volume and price fluctuations will not be too large. The market needs to re-anchor a new narrative this week, whether it's upward or downward, and then we can see more activity through the data.

Just a complaint: with the elections approaching, BTC indeed looks quite optimistic, but regarding altcoins, the risk appetite is not very friendly.