The current cryptocurrency market is experiencing a significant rebound, primarily driven by multiple favorable factors. Institutional capital inflow is key, particularly the continued net inflow of Bitcoin spot ETFs, which indicates growing confidence among institutional investors. Additionally, improvements in the global macroeconomic environment, including expectations of interest rate cuts by the Federal Reserve and optimistic sentiments regarding trade relations, have propelled the overall rise of risk assets. Enhanced regulatory clarity has also lowered the entry barriers for institutions, further stimulating market activity. Bitcoin and Ethereum are leading the way, reflecting the market's preference for blue-chip cryptocurrencies.