PANews reported on November 24th that Xie Jiayin, head of Bitget's Chinese-language division, pointed out that the total market capitalization of cryptocurrencies has returned to $3.3 trillion, with Bitcoin spot ETFs seeing a net inflow of $456 million in a single day. Meanwhile, the crypto fear index fell to 10, a two-year low. He noted that the current market is in a state of extreme panic, similar to the best buying opportunity in March-April 2025, when Bitcoin was priced at $75,000.

The main theme of the market this year remains unchanged:

• Trump family-related projects continue to see large-scale purchases of DATs;
• Bitcoin and Ethereum ETFs saw positive weekly inflows.
• Stablecoins are experiencing rapid market capitalization growth, with institutional long-term capital gradually entering the market.

Following the black swan event on October 11th, leveraged funds were significantly liquidated, and the market is considered to be in the "cleanest bottoming zone." Analysts suggest monitoring daily net inflows into BTC and ETH spot ETFs, MicroStrategy's position-building activities, and the total supply curve of stablecoins. Historical data shows that a strong market rebound often follows periods of extreme fear, typically lasting 6-12 months.