Good morning. This market trend really feels like a roller coaster.

**Market Overview**
BTC is now at $89,979, up 1.09%. ETH has risen to $3,021, up 2%. Among the popular coins, Rivr surged the most (+28.25%) to $46,292, and SKR also had a strong move (+374.36%) to $0.042612. NAIORIS, on the other hand, didn't look so good, dropping 38.2%.

**What's Going on with This Market**
In simple terms, it's a mix of panic and geopolitical tensions. Trump's statements about Greenland and rumors of US-EU tariffs caused a major shift in market sentiment. Bitcoin fluctuated between $87,200 and $90,500 throughout the day, repeatedly testing the support zone at $87,500-$88,000. Holding this level is crucial—if it breaks, the downside risk increases.

For the market to truly rebound, two signals are needed: first, the Fear and Greed Index must recover from extreme levels; second, leverage risks in the derivatives market need to be released. Neither of these has fully materialized yet.

**What Happened in the Past 24 Hours**
Single-day liquidations reached as high as $6.55 billion. Bitcoin repeatedly traded between $87K and $90K, with leverage positions exploding. US Bitcoin spot ETF saw a net outflow of about $480 million, and Ethereum ETF outflows reached $240 million. Funds are withdrawing, and sentiment is declining.

The good news is that Trump’s side says Congress is pushing forward with crypto legislation, and he hopes to sign it soon. This leaves some room for future market expectations.

**Where Is the Capital Flow Going**
SRIVER continues to lead, with a 24-hour inflow of $54.98 million (three days in a row at the top). SFHE inflowed $18.43 million, and SPEPE inflowed $14.53 million. These smaller coins are still being chased.