Recently, the data has been a bit crude, but I still believe that this stage is either liquidity or investor sentiment, and ultimately investor sentiment is more important. The graph shows the Bitcoin stock of all exchanges, and it can be clearly seen that as the price rebounds, the BTC stock on the exchange begins to increase. Currently, there are about 10000 more BTC, indicating that the panic has not completely ended yet. Some investors still choose to prepare to leave during the rebound, and in terms of timing, Asian investors are still the main ones. We still need to look at the sentiment of American investors tonight. From the current trend, pre market futures in the US stock market have started to rise, and correspondingly, yesterday's reaction should have been somewhat excessive. In fact, there are currently no implemented negative effects, and of course, there are no positive effects either. So essentially, it's still a game between information and emotions, and the implementation of tariffs will be in April. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex