#加密市场观察|Liquidity Dilemma: Can This Rebound Sustain?
🔎 On-Chain + Macro Signals Reveal the True Nature of the Move
The current crypto rebound appears less like a genuine market recovery and more like a macro-driven reaction. Weak on-chain participation combined with improving global risk sentiment suggests this is a fragile rebound, not a structural trend reversal.
🌍 Macro Layer: Risk Appetite Is Steering Price
The short-term upside has been fueled primarily by global risk-on sentiment. Recent geopolitical and trade-related comments from U.S. leadership, alongside improving NATO coordination