Recently, the cryptocurrency market has experienced severe fluctuations, with Bitcoin's price briefly falling below a key support level. However, there has been a notable change in market sentiment recently, with multiple positive news affecting the market, leading to signs of recovery for both Bitcoin and Ethereum. Among these news, Ukraine and Russia reached a 30-day ceasefire agreement, and former U.S. President Trump withdrew the 50% retaliatory tariffs on Canadian steel and aluminum, which helped restore market confidence, bringing Bitcoin's price close to $84,000.

As the market rebounded, some whale funds quickly entered the market, beginning large-scale long positions in BTC and ETH, indicating confidence in the market's bottom. According to data tracked by the blockchain data monitoring platform Spot On Chain, a smart money address took a long position on ETH with 50x leverage and on BTC with 20x leverage, earning as much as $2.2 million in just two days, which has attracted widespread attention in the market.