The current total cryptocurrency market capitalization is approximately $2.25-2.35 trillion, down nearly 40-50% from the 2025 peak, indicating an extreme correction/development phase dominated by macro policy uncertainty. Repeated tariffs under Trump + unmet expectations of Fed rate cuts + large-scale outflows from institutional ETFs have collectively heightened risk aversion, with the Fear & Greed index dropping to **Extreme Fear (5-12)**, a historic low. In the short term (1-4 weeks), markets remain under pressure (BTC 60k-65k, ETH 1700-1850 oscillating weakly), but on-chain accumulation and
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