The cryptocurrency market declined by 1.5% to $3.23 trillion, with major coins falling less than 1%, while Tron rose about 1%. Bitcoin trading price approached $95,500, after previously touching the $98,000 mark, which coincides with an important Fibonacci retracement level. Market data shows that Bitcoin exchange reserves have fallen to the lowest point in seven months, and derivatives leverage has also decreased, indicating potential signs of market recovery. However, analysts point out that the recent rally is more driven by futures short squeeze rather than new capital inflows.