The encrypted market is facing a complex situation and multiple challenges at the beginning of 2025. Recently, the market has been more volatile due to a series of actions by Trump, particularly as the price of Bitcoin broke through the 90,000 to 100,000 dollar fluctuation platform, probing down towards the key support level of 75,000 dollars. The source of this round of selling pressure has shifted from traditional miner groups to Wall Street institutions, such as ETF custodians like BlackRock.