#加密货币市场趋势 The recent market conditions are not very optimistic, as Bitcoin has fallen below a key level, and the mild Bear Market expectations are strengthening. I noticed that Glassnode's analysis indicates that Bitcoin has fallen below the STH cost basis and the -1 STD range, which has placed significant pressure on investors who bought recently. Now the $95K-$97K area has become a key resistance level, and if it can reclaim this area, we might see the market structure begin to recover.

However, it seems that market demand remains weak. Funds from the US spot ETF continue to flow out, and traditional financial institutions have not increased their buying. The open interest in the futures market has decreased, and the financing rate has also dropped to a cyclical low, all of which reflects a continuous decline in speculative leverage.

For us, this market environment actually brings some opportunities. Although there may be a deeper pullback in the short term, we should closely monitor whether demand will reappear near key cost price levels. Now we can consider shifting our attention to some emerging projects and looking for potential airdrop opportunities. Remember to operate cautiously, control risks, and seize every interaction opportunity to prepare for possible future airdrops.