According to 8MarketCap data, Bitcoin has risen slightly by one place in the global asset market capitalization rankings, now ranking fourteenth with a current market capitalization of $1.36 trillion, a 24-hour increase of 3.29%. Furthermore, according to crypto analyst Ali, citing Santiment data in an article on the X platform, the Bitcoin social sentiment index has reached a nearly four-year low, indicating that retail investor panic has peaked. Technically, Bitcoin is approaching its 200-week moving average (currently at $58,000), a level that has repeatedly served as a bottom and accumulation zone in bear markets over the past 12 years.