I recently checked the market situation, and Bitcoin has rebounded quite strongly from its lows. There were too many bearish people earlier, and short positions had accumulated quite heavily. In the past couple of days, as it rebounded, several billion dollars worth of leveraged shorts were liquidated. Currently, Bitcoin is around 72K, and major coins like Ethereum and Solana are also rebounding, with Dogecoin, Dog Chain, and other altcoins showing some movement.

Interestingly, there is a clear signal behind this rebound — it seems that US funds are starting to enter the market again. The premium index of a major exchange has turned positive, something we haven't seen in several weeks. Plus, the net inflow into US spot Bitcoin ETFs has been particularly strong these past two days, suggesting that institutions and large investors are buying the dip.

However, there are some points worth noting. Looking at on-chain data, large holders and miners have actually been selling off, and the main buyers are still these institutional channels. So, how long this rebound can last mainly depends on whether these funds can keep flowing in. If it's just a short-term emotional recovery, there might be more fluctuations ahead.