The recent decline has several special points:

1. Escalation of war risks: Israel's airstrikes on Iranian nuclear facilities could trigger direct retaliation from Iran, and even U.S. intervention. This systemic risk has caused funds to flee first.

2. Technical oversold: Bitcoin's RSI has dropped to 35 (oversold zone), and Ethereum has broken below the key support of $2500, indicating a technical demand for a rebound.

3. Severe leveraged liquidations: $1.16 billion liquidated in 24 hours, with 92% being long positions. After the panic selling, short covering may drive a rebound.

4. Bearish dominance in funding: The funding rate for Bitcoin perpetual contracts has turned negative, indicating a bearish advantage. However, some shorts have started taking profits, which may be building momentum for a rebound.