Recently, the cryptocurrency market has welcomed multiple favorable factors. BlackRock's large transfer of BTC/ETH to Coinbase 🐋, combined with the entry of hedge fund Point72, demonstrates that institutional funds are accelerating their layout. On a macro level, Federal Reserve officials have expressed support for stablecoins, strengthening the demand for the dollar and injecting confidence into the market. At the same time, projects like Ripple and Polygon have made substantial progress in payments and cross-border settlements, and the narrative around tokenized assets (RWA) is gaining momentum. Despite the macro-level uncertainties of U.S. inflation and elections, the rise in gold as a safe-haven asset resonates with institutional buying in the cryptocurrency market. Whale rebalancing and share buyback plans from listed companies further boost bullish sentiment. Summary: Institutional funds are quietly accumulating, and the market is building rebound momentum amidst fluctuations.