$BTC It should be noted that the sustainability of the rebound in the cryptocurrency market depends on the scale and pace of capital inflows. If it is driven solely by short-term leveraged funds, the market is likely to experience severe fluctuations; if accompanied by continuous net inflows of ETF funds or upward shifts in miners' holding costs and other medium to long-term signals, a more stable upward structure may form. Market participants need to be wary of the domino effect caused by derivatives liquidation, especially when futures funding rates are excessively high or when there are abnormal fluctuations in exchange reserve assets, as the risk of price corrections will significantly increase.