The cryptocurrency market has recently shown significant volatility, with an overall trend leaning towards a bullish recovery, but risks remain. Bitcoin (BTC) initially fell below 104,000 USDT (24H decline of 0.78%), then rebounded to above 105,000 USDT (24H increase of 1.95%), indicating strong buying support 📈, which may be attributed to whale James Wynn's 40x long position, valued at over 395 million USD, reinforcing market confidence. Ethereum (ETH) maintains a bullish flag pattern, and if it breaks through key resistance, it could point to a target price of 3,700 USD 🐂. However, the whale's reduction of the '25x short ETH' position (liquidation price rising to 2,556.6-2,577 USD) suggests potential liquidation risks, exacerbating uncertainty tied to Three Arrows Capital. The altcoin sector rebounded strongly, with SOL stabilizing after dropping below 170 USDT, while currencies like MOODENG and DEGEN soared over 30%, reflecting a secondary market frenzy 📉➡️📈. However, over the past hour, liquidations across the network exceeded 26 million USD, primarily from short positions, highlighting the fragility of high-leverage trading. On the regulatory front, the defense for Tornado Cash accused the prosecution of misleading the court on legal issues regarding cryptocurrency mixers, while US Treasury Secretary Yellen warned that failed tariff negotiations could trigger global impacts on cryptocurrency liquidity ⚖️. Overall, the market is predominantly bullish, but volatility has increased, and investors should be wary of whale movements and regulatory dynamics, recommending position control to cope with potential pullbacks 💼. Stay optimistic, but layout rationally. 🐋🚀