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CryptoQuant data shows that the Bitcoin price has fallen below the 50-day and 200-day moving averages, with a significant moving average divergence reflecting a correction or "repricing" phase following the previous uptrend. Additionally, CryptoQuant's Price Z-Score is currently -1.6, indicating that the Bitcoin price is below the statistical mean, which typically suggests increased selling pressure and weakened trend momentum. Historically, similar ranges have often corresponded to longer bottoming periods rather than quick rebounds.In the derivatives market, crypto analyst Darkfost pointed out that the seller-dominated pattern is strengthening. Data shows that last Sunday, the monthly net active trading volume (Net Taker Volume) turned significantly negative to -$272 million, while the active buy-sell ratio on Binance dropped below 1, indicating a significant increase in market selling pressure. Currently, futures trading volume is still significantly higher than spot inflows, and the market needs stronger spot buying to trigger a rebound.

DWF Labs founder Andrei Grachev stated, "I believe the crypto market is now close to the bottom, with Bitcoin prices possibly experiencing around 15% volatility. This does not mean that there can only be upward movement afterwards, but it will drive more funds into the market. Although professional investors are still deploying capital, especially into RWA (real-world assets) and projects with large-scale and bold visions, there is almost no capital inflow from direct market purchases.In my view, making a new project popular and attracting attention is much easier than reviving and promoting old projects. This is also why I believe that most altcoins will rise after this bear market, except for those that truly have real business and business development—these will naturally be driven up by the overall market's future growth.Retail-driven trading volume, or what you might call foolish trading, is currently mainly flowing into PumpFun, with some going to Polymarket, but the world will not change because of this. When the market starts to recover and coin prices begin to rise, these people will follow suit, buying what whales are currently buying, as well as the new tokens I mentioned earlier. Behind the scenes, merger and acquisition activity is very active, with many projects and companies being acquired, some of which are planning to go public with at least some revenue. Because the long-term growth of the crypto industry is not in question, it's just a matter of time; the issue is survival rate."

According to Binance spot data, the market shows a divergence between bulls and bears, with DUSK experiencing a 24-hour increase of 10.04% and entering a rebound after hitting a low.At the same time, tokens such as AR, C98, CELO, COTI, DATA, DEXE, and EGLD have also shown a rebound after hitting a low, with increases of 5.04%, 6.14%, 6.28%, 6.83%, 5.46%, 5.5%, and 5%, respectively.The remaining token GTC has also shown a rebound after hitting a low, with an increase of 5%.

According to crypto KOL Sea_Bitcoin, 5.91980561 BTC in the donation address of the Bitcoin protocol Atomicals Protocol has been dormant since 2024, and yesterday 1.521212 BTC was transferred out, suspected to be cashed out.The KOL stated, "The Atomicals protocol was once considered the most legitimate and technically ambitious protocol, but later the anonymous author Arthur directly disappeared soft rug, and the BTC donated by the community was not returned. The beautiful blueprint drawn by the project has also not materialized."

Tom Lee stated during an interview on CNBC's "Squawk Box" on Monday that the sell-off in the crypto market may be gradually losing momentum. "All the conditions are in place, and cryptocurrencies may currently be bottoming out," Lee said, adding that he believes the fundamentals of the crypto industry remain strong, particularly emphasizing the increasingly active activity on the Ethereum network. "If that's the case, crypto asset prices should rebound accordingly," Lee said.As of the time of writing, Ethereum has rebounded more than 10% from its earlier low of $2157 today, now priced at $2383.

According to The Block, investment research firm Bernstein pointed out in its latest report that the crypto market may still be in a short-term bear cycle, but this trend is expected to reverse within 2026. Bitcoin prices may bottom out around the previous cycle's peak (approximately in the $60,000 range) before establishing a higher price base.The institutional cycle has made this round of market structure different from the previous retail-driven boom and bust. The report noted that U.S. policy dynamics could serve as a catalyst, such as the government using seized Bitcoin to establish strategic reserves and changes in Federal Reserve leadership. Additionally, institutional participation remains resilient, with ETF outflows being relatively limited, and there have been no large-scale leveraged liquidations of miners like in previous cycles.Corporate holders (such as Strategy) continue to accumulate during the downturn, and miners are also diversifying their income sources into AI-related data center businesses. Bernstein concluded that the current weakness may be a late-stage correction rather than the beginning of a prolonged winter, and the market reversal in 2026 could open up a "most impactful cycle" for Bitcoin.

According to Binance spot market data, there has been significant volatility in the market. JST has increased by 15.9% in the last 24 hours, reaching a new high for today.At the same time, AXS, AXS, and AXL are all in a "bottoming rebound" state, with increases of 5.47%, 5.12%, and 6.05%, respectively. The other tokens CITY, THE, ZKC, FRAX, and SCR have shown a "high pullback" or "new low for today" state, with decreases of 6.94%, 5.07%, 6.85%, 8.76%, and 5.13%, respectively.

According to Binance spot market data, the market has experienced significant fluctuations. JUP has increased by 7.2% in 24 hours and reached a new high for today, while ONT has risen by 5.04%, showing a rebound from a dip.At the same time, SCRT, ASTR, SAHARA, and SENT have all shown a "high and then low" state, with declines of 6.26%, 7.89%, 8.39%, and 7.26% respectively. Other tokens SAND and AXL have also reached new lows today, with declines of 5.34%, 6.15%, and 5.95%.

According to Binance spot market data, there is a divergence in the market, with several tokens showing a rebound from the bottom.Specifically, BAT increased by 6.69%, CHR increased by 8.24%, KAVA increased by 5.28%, LSK increased by 5.42%, ONT increased by 5.12%, TRU increased by 6.17%, TRB increased by 5.29%, ZIL increased by 5.67%, and YGG increased by 7.15%.

According to Binance spot data, the market has experienced significant fluctuations. DUSK has risen by 56.02% in 24 hours, while several tokens have shown signs of bottoming out and rebounding, including ATOM with a rise of 9.5%, RSR with a rise of 9.39%, and XVS with a rise of 7.21%.In addition, COTI reached a 24H high, with an increase of 6.21%. On the other hand, RARE has shown a "spike and drop" pattern, with a 24-hour decline of 13.12%.

According to market news, Coinbase has launched a custom stablecoin that allows businesses to issue a 1:1 backed digital dollar.

According to Binance spot market data, there has been significant volatility in the market. DASH has increased by 17.08% in the last 24 hours, while several tokens are in a "bottoming rebound" state, including CHR, IOTX, ACH, ASTR, and COW, with increases of 5.21%, 5.02%, 10.51%, 5.14%, and 5.05%, respectively.On the other hand, ROSE is in a "high pullback" state, with a 24-hour decline of 6.04%, while ZEN has seen a slight drop within 5 minutes, with declines of 3.4% and 3.13%.

The Solana Foundation has announced the launch of Kora, a fee relay and signature node for the Solana ecosystem, supporting fee-free transactions, custom fee tokens, and more.Previously, there was no modern, standardized way to implement fee payment and remote signing. Although Solana's account model made these features technically feasible, there has been a lack of ready-to-use solutions in the market. Kora has thus emerged, featuring the following capabilities:Complete fee payment for transactions;Pay fees using any token (including stablecoins);Transfer signing operations to a secure environment.

According to Onchain Lens monitoring, the previously "bottom-fishing and hedging" whale continues to buy 2,249 ETH (approximately 6.54 million USD) from the HyperLiquid and Lighter platforms. Meanwhile, this whale has increased its ETH short positions with 20x leverage on both platforms.As of now, in the past 24 hours, this whale has accumulated a total purchase of 4,599 ETH, with a total value of approximately 13.2 million USD.

According to Binance spot data, the market shows a divergence between bulls and bears, with several tokens experiencing a rebound from the bottom. 1INCH increased by 5.93%, CELO increased by 5.32%, CFX increased by 5.38%, DATA increased by 5.91%, DEXE increased by 5.37%, DOT increased by 5.92%, ENJ increased by 5.4%, FET increased by 5.74%, and GRT increased by 5.1%.

On Wednesday, Coinbase announced at a press conference the launch of a customized stablecoin service, allowing users' businesses to create branded stablecoins, hosted by Coinbase and backed 1:1 by collateralized assets. The advantages include:Earning based on usage and trading activity;Seamless interoperability across chains;Access to Coinbase's global distribution network.

According to Decrypt, European law enforcement successfully shut down the cryptocurrency mixing service Cryptomixer, which has laundered over $1.4 billion in Bitcoin since 2016.The operation was carried out by German and Swiss law enforcement agencies with the support of Europol and Eurojust in Zurich, Switzerland, resulting in the seizure of three servers, 12 TB of data, and over $27 million in cryptocurrency, as well as the confiscation of the domain cryptomixer.io.Reports indicate that Cryptomixer provided laundering services for ransomware gangs, dark web markets, and underground forums, helping criminals obscure the origins of illegal proceeds from drug trafficking, arms dealing, ransomware attacks, and payment card fraud. Cybercrime consultant David Sehyeon Baek stated that the mixer operated for nearly a decade and handled large sums of money, highlighting its significant position in the underground market.

Bank of America is testing the issuance of customized stablecoins on the Stellar network.