The recovery of the crypto world boosts market confidence.

Recently, the cryptocurrency market has shown signs of recovery, mainly driven by the combined influence of three key factors.

The continuous influx of institutional funds is an important support for the market. Recently, Bitcoin spot ETFs have seen a large-scale net inflow of funds, with a single-day scale exceeding $360 million, while the total inflow of U.S. spot Bitcoin and Ethereum ETFs in the third quarter surpassed $18 billion, providing strong liquidity support for the market.

The improvement in the macro policy environment has increased the attractiveness of risk assets. The rising expectations of interest rate cuts by the Federal Reserve have lowered the opportunity cost of holding cryptocurrencies, enhancing their appeal as a tool against the depreciation of fiat currency.

The market structure has naturally optimized by eliminating unhealthy factors. Despite the recent historical level of liquidations, which cleared a large number of high-leverage positions, on-chain data shows that medium- to long-term holders are still actively accumulating, laying a more solid foundation for the market.

As the regulatory trends become clearer and institutional participation deepens, the cryptocurrency market is showing new vitality. What are everyone's views on the future direction of the market? Feel free to share your opinions.
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