Thursday, due to the uncertain outlook of the market bottom, mainstream cryptocurrencies generally cooled off. Bitcoin briefly rebounded before falling back, with 24-hour trading volume down 22%, and market share narrowing to 58%. Over $240 million in funds were liquidated, mainly from long positions, and market sentiment remains in a state of "extreme panic." Analysts pointed out that Ethereum's MVRV ratio is at 0.78, a level historically associated with macro bottoms, and forecasts indicate that Bitcoin's bottom may occur between June and December of this year.