PANews reported on February 26 that according to CoinDesk, the crypto market experienced a sharp drop on Tuesday, and according to multiple on-chain indicators, Bitcoin prices have bottomed out. According to TradingView data, the total crypto market value is $2.7 trillion, down nearly $1 trillion from its peak in December 2024. Multiple indicators show that Tuesday's sell-off may mark a local bottom. Andre Dragosch, head of research at Bitwise Europe, pointed out that the crypto asset sentiment index shows a lot of signals of counter-trend buying. Liquidity, on-chain data, and general pessimism in derivatives markets suggest that downside risks are relatively limited. At these price levels, the risk-reward outlook looks quite favorable.