The cryptocurrency market has recently experienced dramatic fluctuations. The price of Bitcoin (BTC) once exceeded $93,000, and then fell below $91,000. The fluctuation range is obvious, indicating that the market sentiment is complex. In the past 24 hours, the total amount of liquidation in the entire network reached $294 million, showing that investors' risk appetite has weakened under high leverage operations. In addition, the smart contract vulnerability firewall launched by Forta, supported by A16Z, reflects the market's increased attention to security. In the DeFi field, the official launch of dYdX Unlimited and the completion of Barter's $3 million seed round of financing show the continuous innovation and development of liquidity solutions. At the same time, Sky plans to expand the stablecoin USDS to Solana, which may further promote the growth of its ecosystem. Overall, the volatility of market sentiment and the increase in project activities reflect the active exploration of the cryptocurrency market under high risks and the steady advancement of the boundaries of financial technology. Summary: The overall trend of the current cryptocurrency market is volatile, and investors need to pay careful attention.