Analysis of Rebound Drivers

1. Market Style Switch: Ethereum rebounded by 50% under strong community FUD, validating the 'low expectation reversal' logic, with funds shifting towards lower-valued, deeply corrected sectors.

2. High Elasticity of Bitcoin Ecosystem: Leading projects generally fell over 90% since last year's boom, viewed by the market as an extreme compression area with 'no trading logic', becoming a starting point for rebounds.

3. Speculative Game Driving: Marginal ecosystem assets, due to high volatility, have become targets for short-term capital strikes.